China’s Premier Li: High-quality economic development is an intrinsic requirement of modernization

Xinhua News Agency reported remarks from Chinese Premier Li Qiang delivered at a State Council study session on Sunday.

Key takeaways

“Efforts should be made to improve our ability to pursue high-quality development.”

“High-quality development is an intrinsic requirement of Chinese modernization.”

“Should steadfastly deepen reform and opening-up.”

Market reaction

At the time of writing, AUD/USD is little changed at around 0.6690, as investors trade with caution in a data-packed week ahead.