Market Overview 2018-07-23

US-China trade war is affecting the yuan.
On Friday Reuters had reported on the policy debate of China, as how to best cope with the slowing growth, where analysts have commended the Chinese authorities to boost fiscal stimulus during the rising risk of the trade conflict with the United States. Namely, what was requested is to adjust the fiscal policy and implement loosening of financial regulations, as it is viewed that the monetary policy would not be able to cope with the corporate funding challenges on its own, therefore adjustment of fiscal and regulatory polices is required.

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