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

Labor Cost Index Revised Even Higher

NBH Data Watch

Japan Apr Machine Orders -2.9% M/M

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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Leaders To Hold Regular Meetings To Aid COVID-19 Package, MFF Progress

EU
Following a call between European Commission President Ursula von der
Leyen, European Parliament President David Sassoli, and German Chancellor
Angela Merkel (in her position as chair of the rotating Council presidency),
the Commission announced that regular meetings between the three
will take place to try to "facilitate rapid progress" of the COVID-19
recovery package and the multiannual financial framework.
  • Press release:
    https://ec.europa.eu/commission/presscorner/detail/en/read_20_1428
  • The European Parliament is the first potential obstacle to the passage of
    the MFF, with MEPs from all sides of the political spectrum taking issue
    with the reduction in spending in certain areas (which facilitates
    spending in others).
  • The Commission's 'own resources' (the money raised by the Commission
    itself through customs levies etc. rather than that raised from member
    states) is another sticking point for MEPs.
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