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Slower China growth shouldn't be a surprise – USA’s Jack Lew

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - US Treasury Secretary Jack Lew, while speaking in Davos, tried to calm market nerves by stating that the slower China growth should not be a surprise since the country is on a long and difficult transition path.

    Key Quotes

    Slower China growth shouldn't be a surprise

    Global economy faces a lot of headwinds

    China should move to a more market-determined fx rate

    Europe is doing better partly because of cheaper oil

    US consumers helped by lower oil amid international headwinds
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