MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Government Will Send Bill To Congress To Promote Economic Growth

COLOMBIA
  • Finance Minister Bonilla said that the government will send a bill to Congress to promote economic growth, which will include a gradual cut to the corporate tax rate to 30% from 35% currently. He also said that the bill will include tax stimulus measures to promote projects in renewable energy and tourism in developing regions of the country.
  • Bonilla said that a new tax bill is needed because of a financing shortfall for the 2025 budget and that the government will ask Congress to modify the fiscal rule to give it more leeway to run a larger deficit next year. Meanwhile, Bonilla said that he sees larger interest rate cuts at coming BanRep meetings as inflation is on course to fall to 5.5% by the end of the year.
  • Today, industrial and retail confidence data for June will be released, while President Petro will be in Paris ahead of the opening ceremony of the Olympic Games. A two-day oil and gas conference also begins in Bogotá, with the head of the national hydrocarbons agency Orlando Velandia set to speak at 1500BST(1000ET).
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