PBOC’s Shuqing: China growth to be back on track soon
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“The world’s second-largest economy is expected to quickly rebound because of the country’s optimized Covid-19 response and after its economic policies continue to take effect,” Bloomberg quotes an interview from Guo Shuqing, party secretary of the People’s Bank of China (PBOC), to People’s Daily published on Sunday.
The news should help the Gold price in keeping the latest advances due to China’s status as one of the world’s biggest XAU/USD consumers.
Also read: Gold Price Forecast: XAU/USD grinds higher ahead of United States Inflation
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