MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

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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Foreign Min-V. Troubling Moment For Gov't & ANC

SOUTH AFRICA

Wires carrying comments from South African Foreign Minister Naledi Pandor, stating that "It is a very troubling moment for the government and the governing party".

  • Comments come after a parliamentary report found that President Cyril Ramaphosa may have a case to answer in whether he violated his oath of office in relation to the 'Phala Phala' case, where large sums of cash were allegedly stolen from a farm owned by Ramaphosa in 2020.
  • Co-operative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma has called on Ramaphosa to resign. Dlamini-Zuma, the ex-wife of former President Jacob Zuma, is seen as a presidential contender for the ANC in her own right.
  • Should Dlamini-Zuma and other senior Cabinet ministers resign in protest it could put unsustainable pressure on Ramaphosa to step down, risking a significant factional war within the ANC.
  • Next general election is not due to take place until May 2024.
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