China's falling export levels
Chinese export levels have fallen by -23% in the last year and industrial production jumped by 10% in July. While this figure would be the envy of many other nations, for China it has raised speculation that recovery could be struggling to gain momentum.
China is expected to maintain "proactive" fiscal policy with a bias towards monetary easing while an element of instability remains in the global economy. The consumer price index has also come in at -1.8% while producer prices fell by -8% in the year to July 2009.
Currency rates for the yen rose against the US dollar and euro, triggered by risk averse trading in the rate of the Chinese assessment.