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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China's Xi Jinping To Skip G-20 Summit-Bloomberg
Chinese President Xi Jinping does not plan to attend a summit of the world's 20 leading economies at the end of October in Rome, Bloomberg reported on Wednesday, citing four people familiar with the matter.
The G-20 summit on Oct. 30-31 is preceded by an Oct. 13 meeting of G-20 central bank chiefs and finance ministers in Washington expected to lay the groundwork for a coordinated economic response to boost economic growth as countries recover from pandemic lockdowns. People's Bank of China Governor Yi Gang is among those listed as attending.
China's financial markets and government offices are shut through Thursday with news awaited on a potential sale of a Hong Kong-listed unit of China Evergrande Group and potential regulator views on China's property market, see: MNI (RPT):China May Loosen Mortgage Rules In Property Slump.
Maneuvers by China's military at the weekend and this week in Taiwan's airspace were followed by a call between Xi and President Joe Biden on Wednesday. Biden told reporters that he and Xi reaffirmed agreement on Taiwan. Top envoys from the U.S. and China are slated to meet this week in Zurich, Switzerland, to discuss tensions over Taiwan, which Beijing claims as a province of China.
As well, China has grappled with power shortages as coal supplies become scarce, prompting the government to call for reduced power usage.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.