Chinese Premier Li warns of domestic and global jitters ahead - RBS

FXStreet (Delhi) – Research Team at RBS, note that the Chinese Premier Li Keqiang warned local officials of complicated domestic and global conditions this year but said that the economy remains within a "reasonable range", despite volatility in some economic indicators.

Key Quotes

“He added that downward pressure on the economy has increased amid the shift from old to new drivers. (MNI)”

“We disagree and think the Chinese slowdown has a lot more to go. We expect it to have a meaningful impact on global growth, trade and commodity prices, and to ultimately result in a large yuan devaluation, which can trigger currency wars in Asia and a global wave of deflation. We remain bullish bonds.”