MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

NBH Data Watch

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

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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Dep Sec Of State's China Visit Confirmed For 25-26 July

US-CHINA

US Deputy Secretary of State Wendy Sherman's trip to Tianjin, China has been confirmed for 25-26 July, where she will meet with both Foreign Secretary Wang Yi and Vice Foreign Minister Xie Feng.

  • Ahead of the trip foreign ministry spokesman Zhao Lijian stated that US-China relations should 'be based on mutual respect'.
  • Comes after the US gov't said that Sherman should be "dealing with China from a position of strength,", a comment seen as disrespectful by Beijing. In response Zhao stated that "We didn't accept it [US disrespect] in Anchorage, let alone in Tianjin,"
  • Sherman will be the most high-ranking US official to travel to China under the Biden administration. While Sino-American relations remain in a poor state, there is some speculation that a successful trip for Sherman could prompt a meeting between US President Joe Biden and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Italy in October.
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