Reserve Bank of Australia Governor Bullock said the RBA considers financial conditions restrictive.

He Lifeng, Politburo member and vice premier, met a Japan External Trade Organization (JETRO) delegation at the Great Hall of the People on the 29th. He said China welcomes Japanese firms to expand in China and urged JETRO to play a greater role in promoting Sino-Japanese economic and trade cooperation. JETRO's new chairman Iwaya said Japan's business community will continue to expand exchanges and deepen mutually beneficial cooperation with China.

UK Chancellor Healey said the only long-term answer is to deliver growth.