China’s consumers improving commodity price prospects? – Scotiabank

By FXStreet Analysts at Scotiabank noted the ramping up of consumer spending and service-related activity in China.

Key Quotes:

“…thereby lessening the downside risks to growth associated with its multi-year structural adjustments affecting both the private sector and state-owned enterprises.”

“Chinese policymakers recently cut bank reserve requirements again to bolster liquidity and credit demands.”

“Improving prospects internationally would go a long way towards stabilizing commodity prices, and help to alleviate the significant retrenchment underway among producers.”
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Source:: FX Street