MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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BIS To Add 7 Chinese Entities To Sanction List Over Nat Sec Concerns

US-CHINA

The US Commerce Department's Bureau of Industry and Security is set to add seven Chinese research institutes to its 'entity list' of sanctioned organisations/individuals.

  • International trade lawyer & law professor Doug Jacobson: "BIS to add 7 Chinese research institutes/companies to the BIS Entity List "for acquiring and attempting to acquire US-origin items in support of China’s military modernization efforts." Unlike in the past, this rule is effective on publication in the Federal Register, which will be August 24, 2022."
  • Full document: https://public-inspection.federalregister.gov/2022...
  • Move comes two weeks after China announced a halt to cooperation with the US on areas including military ties and climate change in response to House Speaker Nancy Pelosi's visit to Taiwan.
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