MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

Inflation Slowed in June, Shaking Off May Hotel Price Jump

Broad-based Deceleration In June Core Metrics

MNI: ITALY JUN FLASH HICP +0.2% M/M, +0.9% % Y/Y; MAY +0.8% Y/Y

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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Car sales in China are expected to......>

CHINA PRESS
CHINA PRESS: Car sales in China are expected to decrease to 25.31 million units
in 2020, down from around 25.83 million this year, according to a report in the
Securities Daily. The newspaper cited Xu Haidong, Assistant Secretary-General of
China Automobile Association, who said that sales could then increase again in
2023. China's auto market has entered a stage of deep adjustment due to changes
in emission standards and the lower purchasing power of consumers struggling
with high home prices, according to Jiang Yuan, the deputy director of the
Industry Division at the National Bureau of Statistics, who was also quoted in
the Daily's report.
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