China's July Politburo Meeting Expected to Shift to Easing Tone
Beijing is likely to adopt stronger easing language at the July Politburo meeting after a weak second quarter, though expectations for a large stimulus package should remain tempered.
The upcoming July Politburo meeting is expected to feature a shift toward more accommodative rhetoric from Beijing, following a weaker-than-expected second quarter for the Chinese economy.
While the tone is likely to be more dovish, market participants should not anticipate a large-scale, immediate stimulus package. The effectiveness of fiscal delivery remains the key variable determining the actual impact of any policy shift.
Source: FXStreet Forex News