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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Biden To Push Kishida And Rutte On Semiconductor Export Controls
President Joe Biden is expected to discuss export controls on semiconductors to China when he meets Japanese Prime Minister Fumio Kishida today and Dutch Prime Minister Mark Rutte on Tuesday.
- Japan and the Netherlands are key chips producers and both have expressed reservations to Biden administration plans to enact export controls designed to throttle China's access to high-tech chips and restrain military development.
- The White House said in a statement that "cooperation on... critical technologies" will be on the agenda, and President Biden will be joined by US Trade Representative Katherine Tai at a working lunch with Prime Minister Kishida today.
- Bloomberg reports that, “Japan and the Netherlands agreed in principle to mirror some of the strict export limits imposed by the Biden administration” but according to a person close to talks, an announcement on an agreement is unlikely to come during Rutte’s visit.
- Three of the five major manufacturers of components required to produce advanced semiconductors are based in the US. The other two are Dutch and Japanese, therefore submitting to the plan would amount to a near complete restriction of high-tech chips to China.
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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.