MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

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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TAIWAN

Taiwan's Statistics Bureau increased its estimates for growth and exports on Saturday. GDP is now expected to rise 4.64% in 2021 up from 3.11% previously, exports are expected to rise 9.58% from 4.59% previously. Electronics exports are attributed as the drivers of growth.

  • The statistics chief Chu Txer-ming did note though, that these increased figures would result in a wider trade surplus, which in turn would put further upward pressure on TWD.
  • Taiwan was put on the currency manipulator watchlist by the US Treasury in December, who cited the growing current account surplus, and urged the central bank to allow further gains. The central bank are in a difficult position because of this allow TWD to appreciate which could derail the recovery, or risk incurring sanctions from the US.
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