Need to step up structural reform at supply side – China’s President Xi

FXStreet (Mumbai) - China’s President Xi Jinping was on the wires earlier today and expressed his views on the main economic problems surrounding China.

Following are the headlines:

Main economic problem with the supply side

To step up structural reform at supply side

Reform focus is to reduce production overcapacity

Jan 6, 2016

US Q4 GDP forecast cut to just 0.5% - Deutsche Bank

Economists at Deutsche Bank, has slashed their Q4 GDP forecast and they now expect Q4 real GDP to be just 0.5%, a full percentage point cut from the previous forecast while at the same time highlighting that this still might be too high in light of what could be a much larger inventory liquidation than what they have assumed.

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Jan 6, 2016

UK Construction buoys the pound - Investec

Research Team at Investec, suggests that the UK Pound rallied against the Euro yesterday as a stronger than expected UK Construction PMI release buoyed the Pound against the Euro, suffering after a softer than expected flash Inflation print.

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