February 21, 2025 06:01 GMT
CHINA: Country Wrap: Premier Li Wants to Boost Consumption.
CHINA
- The US Treasury Secretary Scott Bessent will hold his first call with his Chinese counterpart Friday (US time) where he will raise concerns as to the trade imbalance between the two countries. (source: BBG).
- Chinese Premier Li Qiang has emphasized boosting consumption and improving people's livelihoods through stronger and more targeted measures, in a bid to strengthen the fundamental role of consumption in driving economic development. (source: XINHUA)
- China’s equity markets have delivered another strong day today with the Hang Seng up +2.9%, the CSI 300 +1.05%, Shanghai up +0.69% and Shenzhen up +1.35%
- CNY: Yuan Reference Rate at 7.1696 Per USD; Estimate 7.2460
- Bonds: China’s CGB10Yr saw yields +2bp higher at 1.74%
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