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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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2024 Fiscal Policy More Intensive - Guan Tao
China’s fiscal policy will increase intensity in 2024 despite a deficit rate of 3% versus the adjusted 3.8% in 2023, according to Guan Tao, former director at the State Administration of Foreign Exchange. Guan noted policymakers planned to issue CNY1 trillion of long-term special treasury bonds, CNY3.9 trillion of special bonds, and CNY500 billion from last years’ CNY1 trillion disaster relief bonds, with total government expenditure reaching CNY28.5 trillion this year, up CNY1.1 trillion from 2023. With some analysts doubting China’s official 2023 GDP data, Guan said energy consumption grew by 6.2% last year, a strong indication that 5.2% GDP growth was accurate. (Source: Yicai)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.