MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: US MAR PERSONAL INCOME +0.5%; NOM PCE +0.8%

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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MNI BRIEF: China November Retail Sales At Six-Month High

MNI (Singapore)
MNI (Beijing)

China's consumption continued to accelerate to a six-month high in November, with retail sales climbing by 10.1% y/y, from 7.6%, but underperforming expectations for 12.8%, data released by the National Bureau of Statistics on Friday showed.

Industrial production rose 6.6% y/y to mark the quickest expansion since June 2021 (8.3%), up from October's 4.6% and beating the 5.8% forecast.

Fixed-asset investment over the first 11 months registered a 2.9% y/y increase, flat from October's reading and remaining at the lowest level since December 2020 (2.9%). The figure slightly missed the 3.0% consensus. Property investment fell further by 9.4% y/y following the prior month's 9.3% decrease. Both infrastructure investment and manufacturing investment grew by 5.8% and 6.3%, compared to the previous 5.9% and 6.2%.

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