China’s Liu: Will continue with policy stimulus and generally stable yuan

Chinese Finance Minister Liu Kun is out with some conciliatory comments this Friday morning.

Key quotes

Will continue with policy stimulus and generally stable yuan.

Will continue to implement policy package, strive to realize the goal of creating 11 million new urban jobs.

Will keep economy within a reasonable range and strive to realise better results.

China’s economy will keep growing at reasonable speed, with stable employment and prices.

Will continue to deepen reform and opening up, keep yuan exchange rate generally stable at appropriate and balanced level.

Market reaction

AUD/USD is keeping mild losses at around 0.6800, unimpressed by the above comments. The pair is down 0.09% on the day.