# China’s booster from Premier Li Qiang may not last | MarketPulse by OANDA Group

> Premier Li Qiang said in a keynote speech that China's second-quarter growth would beat the 4.5% recorded in the first quarter and remain on track for a target of around 5% in 2023. The speech lifted Chinese stocks but offered no details on new fiscal stimulus.

- Date: 2023-06-28 · published 2023-06-28T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/10493-china-s-booster-from-premier-li-qiang-may-not-last-marketpulse-by-oanda-group
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Optimism about growth without concrete stimulus may prove short-lived, so the outlook for Chinese feed demand and the yuan remains uncertain.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-06 | [China’s yuan rebounds from 2-year low after PBOC cuts FX reserve ratio - Markets - Business Recorder](https://feedsoft.ai/events/12271-china-s-yuan-rebounds-from-2-year-low-after-pboc-cuts-fx-reserve-ratio-markets.md) | +0.4% | +3.1% |
| USDCNY | 2021-10-21 | [China's silence on yuan's swift gains keeps markets buzzing](https://feedsoft.ai/events/7482-china-s-silence-on-yuan-s-swift-gains-keeps-markets-buzzing.md) | -0.0% | -0.1% |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |
| USDCNY | 2026-03-10 | [Yuan Rallies by Most Since May After PBOC Boosts Fixing Support - Bloomberg](https://feedsoft.ai/events/11464-yuan-rallies-by-most-since-may-after-pboc-boosts-fixing-support-bloomberg.md) | -0.2% | -0.4% |
| USDCNY | 2025-02-21 | [China’s central bank vows to enhance yuan amid looming risks from strong US dollar \| South China Morning Post](https://feedsoft.ai/events/26298-china-s-central-bank-vows-to-enhance-yuan-amid-looming-risks-from-strong-us.md) | +0.4% | -0.1% |

## Sources

- marketpulse.com: https://www.marketpulse.com/news/chinas-booster-from-premier-li-qiang-may-not-last/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.