China’s President Xi: Will use new development ideas in economic growth

Following renewed concerns over China’s economic recovery, the country’s Preesident Xi Jinping said on Monday that they will “use new development ideas in economic growth,” Xinhua News Agency reports.

Xi said that his Caibinet will “enhance reform in China and opening up.”

Meanwhile, China Military said that they “carried out drills around Taiwan on Monday,” adding that drills are a serious deterrent to the continued 'political tricks' played by the US and Taiwan

Market reaction

AUD/USD was last seen trading at 0.7046, down 1.03% on the day.

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