Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (Singapore)

China may lower its budget deficit-to-GDP ratio to about 2.8-3% in 2022 from the “about 3.2%” set last year, retreating to the 3% red line as the economy gradually normalizes, the Securities Times reported citing Wu Chaoming, the chief economist at Chasing Securities. The high government deposits, due to higher surplus funds carried over from the previous two years, will be a strong support to expand fiscal spending, the newspaper cited Wu as saying. Some analysts expect another issuance of special China treasury bonds this year as a follow-up to CNY1 trillion issued in 2020 immediately following the Covid-19 outbreak, which is not included in the fiscal deficit. About CNY950 billion special treasury bonds are maturing this year, the newspaper said.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.