MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Biden Appeals To Russian People In Speech Declaring Support For Ukraine

NATO

US President Joe Biden has declared that the US will support Ukraine for "as long as it takes," an often repeated motto which has been given additional power by his trip to Kyiv yesterday.

  • Biden said: "One year ago the world was bracing for the fall of Kyiv. Well, I've just come from Kyiv and I can report, Kyiv stands strong, tall, and free."
  • Biden appealed directly to the Russian people in response to Putin's declaration this morning that the West poses an existential threat to Russia: "I speak once more to the people of Russia. The US and nations of Europe do not seek control or destroy Russia. The West is not plotting to attack Russia... This war is never a necessity, it is a tragedy..."
  • Biden says: "NATO is more unified than ever before. Putin thought he could weaponise energy... but instead we're working together to end Europe's dependence of Russian fossil fuels."
  • Biden concludes by saying he will host "every member of NATO" in the US for a NATO summit next year and confirming that NATO will defend "every inch" of NATO territory.
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