Giving China proxy trades (such as AUD) a boost

People's Bank of China adviser Ma Jun quoted in state media:

  • setting GDP target may force China to resort to flood-like stimulus
  • GDP growth between 4 to 5% will be difficult to achieve for China

China is emerging (economically) from the shut down, this sort of stimulus talk is going to flow through as a positive input for proxy trades as I noted above.

via GIPHY