MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Flash Inflation In-Line With Tracking; Services Softens But Only Slightly

MNI: EUROZONE JUL FLASH HICP +2.6% Y/Y

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

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Chinese FM: US CHIPS Act Disrupts International Trade

US-CHINA

Speaking in the port city in Qingdao, Chinese Foreign Minister Wang Yi has stated that the recently-passed US CHIPS and Science Act 'disrupts international trade'. The legislation is intended to boost US manufacturing of semiconductors and microchips (to reduce reliance on Asian supply chains) and to enhance US competitiveness against China in other high-tech areas.

  • Wang speaking on perceived US interference in Taiwan: ""If we overlook US interference in our domestic politics, this world will return to the laws of the jungle, and Washington will become even more unscrupulous in using force to suppress other countries,"
  • Comes after a meeting between Wang and his South Korean counterpart Park Jin, the most high-level meeting of officials from the two nations since South Korean President Yoon Suk-yeol took office earlier this year.
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