MNI China Daily Summary: Monday, April 29

MNI BRIEF: China Pushes Back Against Japan's Semiconductor Threat

MNI: China CFETS Yuan Index Down 0.33% In Week of Apr 26

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

MNI: PBOC Sets Yuan Parity Higher At 7.1066 Mon; -4.49% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

Core CPI Outlook: Services Softens, Energy Uptick Underwhelms

CPI Ticks Higher Y/Y In April, But Softer Core And Sequential Readings

MNI Projects 2.2% National CPI Y/Y, Core CPI Disinflation

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Continued Targeted Support Seen, Markets Still Look For More

CHINA
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More of the same from China as newswire headlines stress the need to deepen financial support for the manufacturing sector, with an eye on advanced manufacturing areas, including AI & aviation.

  • Policymakers continue to focus on relatively targeted support.
  • Chinese market participants are still looking for more meaningful/deeper stimulus after the already delivered support, state-backed buying and tighter regulatory scrutiny allowed Chinese equity markets to base earlier this year.
  • The recovery in benchmark equity indices has stalled ahead of some technical resistance areas and the aforementioned desire for deeper macro policy support.
  • CNH FX looks through the headlines, as you would expect.
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More of the same from China as newswire headlines stress the need to deepen financial support for the manufacturing sector, with an eye on advanced manufacturing areas, including AI & aviation.

  • Policymakers continue to focus on relatively targeted support.
  • Chinese market participants are still looking for more meaningful/deeper stimulus after the already delivered support, state-backed buying and tighter regulatory scrutiny allowed Chinese equity markets to base earlier this year.
  • The recovery in benchmark equity indices has stalled ahead of some technical resistance areas and the aforementioned desire for deeper macro policy support.
  • CNH FX looks through the headlines, as you would expect.