MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% 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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MNI BRIEF:China July Production, Spending Slower Than Expected

MNI (Singapore)
MNI (Beijing)

China's production, consumption and investment slowed more than expected in July despite efforts to boost domestic demand, data released by the National Bureau of Statistics on Tuesday showed.

Industrial production rose 3.7% y/y in July, underperforming the 4.3% forecast and decelerating from June's 4.4%. Retail sales increased 2.5% y/y in July to hit the lowest level this year, missing expectations for 3.8% and slowing from June's 3.1%.

Fixed-asset investment in Jan-July period registered a 3.4% y/y increase, the lowest since December 2020, slower than both the 3.8% growth in H1 and lower than the 3.8% consensus. Property investment fell further by 8.5% y/y in the first seven months following the prior 7.9% decrease. Infrastructure investment and manufacturing investment grew by 6.8% and 5.7%, respectively, compared to the previous 7.2% and 6.0%.

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