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

Sequential SA Services CPI Estimated To Have Slowed Markedly

April Inflation: Services Decelerate, Core Goods Likely Soft

MNI: GERMANY APR CPI +2.2% Y/Y

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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Erdogan: Turkey Will Go Ahead with Second S-400 Purchase

TURKEY

LOCAL NEWS

  • Erdogan says Turkey will go ahead with the second purchase of S-400 missile systems, despite Washington's warnings of risks to NATO's security and CAATSA sanctions.
    • "in the future, nobody will be able to interfere in terms of the defence systems we acquire, from which country, at what level" Erdogan notes that US refusal to sell Turkey patriots has caused the issue and calls on the US to remove its remaining 900 troops from Syria
  • HDP says both political alliances (People's & Nation) will need its assistance in clinching the 2023 elections given its 15% support base.
    • HDP says although the Nation alliance has sworn to move back to a parliamentary system, this will not solve all of Turkey's problems.
    • The CHP recently voiced its support for the HDP in a move to boost support among voters ahead of the 2023 elections – should the HDP be banned
  • In a weekend interview, Erdogan denied ever discussing human rights violation with Biden, saying Turkey was "incomparably free" noting that his critics all have political motives which dialutes their accusations
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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