MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

MNI: US JOBLESS CLAIMS -2K TO 220K IN MAR 08 WK

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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TURKEY: EU-Foreign Ministers Hold Presser After Talks

TURKEY
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Turkish Foreign Minister Hakan Fidan holds a joint press conference with EU High Representative for Foreign Affairs and Security Policy Kaja Kallas following discussions between the two in Ankara. A live stream to the presser, due to start any time now, can be found here. 

  • This is Kallas' first trip to Turkey since taking office in Dec 2024. Ahead of the meeting she posted on X: "Glad to be in Ankara today. I am looking forward to meaningful discussions with political leaders and civil society to strengthen our ties."
  • The EU finds itself in a difficult balancing act with Turkey. Negotiations on Turkish accession to the EU have crawled at a snail's pace in recent years as the gov't of President Recep Tayyip Erdogan moved away from EU norms in certain policy areas. This has seen Erdogan develop closer links with countries and groups viewed as economic and geostrategic competitors to the EU such as the BRICS group. However, Turkey's role in managing migrant flows to Europe, in any possible ceasefire talks in Ukraine, and following the collapse of the Assad regime in neighbouring Syria has led Brussels to look to repair ties.
  • During Commission President Ursula von der Leyen's meeting with Erdogan in Dec 2024, Erdogan called for EU member state leaders "to set aside “all restrictions” in bilateral relations with Ankara to restart the high-level political dialogue—suspended since 2019—and to [finalise] two long-term goals for Turkey: upgrading the Customs Union and introducing visa facilitation."
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Turkish Foreign Minister Hakan Fidan holds a joint press conference with EU High Representative for Foreign Affairs and Security Policy Kaja Kallas following discussions between the two in Ankara. A live stream to the presser, due to start any time now, can be found here. 

  • This is Kallas' first trip to Turkey since taking office in Dec 2024. Ahead of the meeting she posted on X: "Glad to be in Ankara today. I am looking forward to meaningful discussions with political leaders and civil society to strengthen our ties."
  • The EU finds itself in a difficult balancing act with Turkey. Negotiations on Turkish accession to the EU have crawled at a snail's pace in recent years as the gov't of President Recep Tayyip Erdogan moved away from EU norms in certain policy areas. This has seen Erdogan develop closer links with countries and groups viewed as economic and geostrategic competitors to the EU such as the BRICS group. However, Turkey's role in managing migrant flows to Europe, in any possible ceasefire talks in Ukraine, and following the collapse of the Assad regime in neighbouring Syria has led Brussels to look to repair ties.
  • During Commission President Ursula von der Leyen's meeting with Erdogan in Dec 2024, Erdogan called for EU member state leaders "to set aside “all restrictions” in bilateral relations with Ankara to restart the high-level political dialogue—suspended since 2019—and to [finalise] two long-term goals for Turkey: upgrading the Customs Union and introducing visa facilitation."