China’s Commerce Ministry said in a statement on Wednesday that there is no reason to be overly optimistic on foreign trade this year, per Reuters.
“The external environment for China’s foreign trade remains complex and the country cannot be blindly optimistic about trade prospects in 2021.”
“China will step up firms’ ability to cope with foreign exchange risk.”
Earlier on, China’s National Development and Reform Commission (NDRC), the country’s state planner, promised intervention to keep inflation in certain goods down.
“To control corn, wheat, pork prices after PPI surge.”
“To keep prices of goods linked to livelihood stable.”
Get the 5 most predictable currency pairs