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CHINA: Country Wrap:  Room to Increase Deficits.

CHINA
  • State media Xinhua reported over the weekend that China has room to increase the fiscal deficit to support the struggling economy. (source: MNI – Market News).
  • China:  Central Bank Injects Liquidity via OMO.  (source: MNI – Market News).
  • China’s November CPI printed at +0.2% y/y versus estimates of +0.4% y/y and October’s result of +0.3% y/y. .  (source: MNI – Market News).
  • China’s November PPI printed at -2.5% y/y versus estimates of -2.8% y/y and October’s result of -2.9% y/y. .  (source: MNI – Market News).
  • Having finished Friday up very strongly, delivering a positive week, the CSI 300 declined -0.50%, Hang Seng -0.54%, Shanghai -0.40% and Shenzhen -0.80%.
  • CNY: Yuan Reference Rate at 7.1870 Per USD; Estimate 7.2614.
  • Bonds:  China’s 10YR Government bond inched lower in yield again today to 1.944%
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  • State media Xinhua reported over the weekend that China has room to increase the fiscal deficit to support the struggling economy. (source: MNI – Market News).
  • China:  Central Bank Injects Liquidity via OMO.  (source: MNI – Market News).
  • China’s November CPI printed at +0.2% y/y versus estimates of +0.4% y/y and October’s result of +0.3% y/y. .  (source: MNI – Market News).
  • China’s November PPI printed at -2.5% y/y versus estimates of -2.8% y/y and October’s result of -2.9% y/y. .  (source: MNI – Market News).
  • Having finished Friday up very strongly, delivering a positive week, the CSI 300 declined -0.50%, Hang Seng -0.54%, Shanghai -0.40% and Shenzhen -0.80%.
  • CNY: Yuan Reference Rate at 7.1870 Per USD; Estimate 7.2614.
  • Bonds:  China’s 10YR Government bond inched lower in yield again today to 1.944%