China Securities Times - More active fiscal policy for the next 5 years needed

The Securities Times reports on comments from researcher at Chinese Academy of Social Sciences, Gao Peiyong

• More "active and forceful" fiscal policy announced at Central Economic Work Conference will stay in effect for the next five years, not just 2016
• Fiscal policy will continue to be expansionary in 2016-2020 period

via Bloomberg

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Meanwhile AUD/USD ids making new session highs:

In the short-term resistance ahead around 0.7215/20 then 0.7250. Support 0.7165/70 then 0.7150