China’s Commerce Ministry: Will actively study and implement measures to boost consumption

China’s Commerce Ministry spokesperson said on Friday, that they will actively study and implement measures to boost consumption.

“Domestic consumption demand will be gradually released, and consumption is expected to recover steadily,” the spokesperson said.

Market reaction

These above comments have little to no impact on the Chinese proxy, the Australian Dollar. The AUD/USD pair was last seen trading at 0.6752, +0.05% on the day.