There is short-term pain when new growth drivers replace the old ones
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Following the publication of the high-impact China’s activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday. Key quotes There is short-term pain when new growth drivers replace the old ones. We will continue to nurture new productivity. Improving domestic supply-demand situation, rises in services prices and industrial products prices sent oct cpi to growth from fall. The economic stabilisation lays firm foundation for China to achieve the full-year growth target. There are positive changes in market supply-demand, firms’ performance improves. Consumer goods trade-in scheme still effective to drive up some products sales. October catering revenue growth speeds up notably. China’s consumption structure upgrading is at a key stage. Space of culture, tourism, medical and health consumption large. Market reaction At the time of press, the AUD/USD pair is adding 0.25% on the day at 0.6543. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high…
Filed under: News - @ November 14, 2025 3:27 am