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CHINA: Country Wrap: Regional Travel Jumps over Spring Festival. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The Trump administration is proposing new fees on Chinese built cargo ships in a bid to increase global trade on US ships (source: BBG).
  • Vietnam will impose tariffs on Chinse Steel according to the Ministry of Industry (source: BBG)
  • The total number of inter-regional passenger trips across China during the 40-day Spring Festival travel rush reached a record of 9.02 billion, official data showed Sunday, a 7.1-percent increase over the same period in 2024 (source: Xinhua)
  • China’s key bourses are having a poor start to the week, with the Hang Seng down by -0.66%, CSI 300 -0.30%, Shanghai -0.26%, Shenzhen -0.20%.
  • CNY:  Yuan Reference Rate at 7.1717 Per USD; Estimate 7.2532
  • Bonds:  a sell off today with the CGB10YR +2bps higher at 1.77%
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  • The Trump administration is proposing new fees on Chinese built cargo ships in a bid to increase global trade on US ships (source: BBG).
  • Vietnam will impose tariffs on Chinse Steel according to the Ministry of Industry (source: BBG)
  • The total number of inter-regional passenger trips across China during the 40-day Spring Festival travel rush reached a record of 9.02 billion, official data showed Sunday, a 7.1-percent increase over the same period in 2024 (source: Xinhua)
  • China’s key bourses are having a poor start to the week, with the Hang Seng down by -0.66%, CSI 300 -0.30%, Shanghai -0.26%, Shenzhen -0.20%.
  • CNY:  Yuan Reference Rate at 7.1717 Per USD; Estimate 7.2532
  • Bonds:  a sell off today with the CGB10YR +2bps higher at 1.77%