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China FinMin: Will step up proactive fiscal policy in 2019

China’s Finance Ministry is out with the latest statement, with the key points found below:

Will cut taxes and fees on a larger scale next year.

Will support the development of manufacturing firms and small businesses.

Russia HSBC Manufacturing PMI dipped from previous 52.6 to 51.7 in December

Russia HSBC Manufacturing PMI dipped from previous 52.6 to 51.7 in December
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AUD to remain vulnerable to downside - OCBC

Analysts at OCBC suggest that the AUD may remain vulnerable to downside pressure in early 2019, given its role as a proxy to East Asia and Sino-US tra
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