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CHINA: Country Wrap: Industrial Profits’ Decline Continues.

CHINA
  • Industrial Profits’ Decline Continues (source: MNI – Market News).
  • Central Bank Withdraws Liquidity in Mornings Operations (source: MNI – Market News).
  • Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability as the yuan faces growing uncertainties under Donald Trump’s second presidency (source:  BBG)
  • Following three days of decline, equity markets rebounded today with the CSI 300  up +0.90%, Hang Seng +0.40%, Shanghai +0.50% and Shenzhen +0.60%.
  • CNY : Yuan Reference Rate at 7.1982 Per USD; Estimate 7.2540
  • Bonds:  China’s 10-year Government Bond declined -0.5bp to 2.05%. 
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  • Industrial Profits’ Decline Continues (source: MNI – Market News).
  • Central Bank Withdraws Liquidity in Mornings Operations (source: MNI – Market News).
  • Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability as the yuan faces growing uncertainties under Donald Trump’s second presidency (source:  BBG)
  • Following three days of decline, equity markets rebounded today with the CSI 300  up +0.90%, Hang Seng +0.40%, Shanghai +0.50% and Shenzhen +0.60%.
  • CNY : Yuan Reference Rate at 7.1982 Per USD; Estimate 7.2540
  • Bonds:  China’s 10-year Government Bond declined -0.5bp to 2.05%.