MNI China Daily Summary: Friday, January 10

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI: CANADIAN NOV BUILDING PERMITS -5.9% MOM

US DEC UNEMPLOYMENT RATE 4.086%

MNI: US DEC NONFARM PAYROLLS +256K; PRIVATE +223K, GOVT +33K

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

Central Bank NewsPolicy NewsPBOCAPACEM Policy NewsChinaEM BriefBriefStory

MNI (BEIJING) - China’s fiscal policy this year will be "very proactive", fully taking into account the need to increase countercyclical adjustment, Liao Min, Vice Minister of Finance told a press conference on Friday.

The deficit size will increase significantly, and total fiscal expenditure will expand further, providing strong support for the continued recovery of the economy, said Liao, adding that exact figures will be announced after going through legal procedures. (See MNI: China To Raise 2025 Deficit Ratio, More Special Bonds Eyed)

Keep reading...Show less
107 words

To read the full story

Close

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.

MNI (BEIJING) - China’s fiscal policy this year will be "very proactive", fully taking into account the need to increase countercyclical adjustment, Liao Min, Vice Minister of Finance told a press conference on Friday.

The deficit size will increase significantly, and total fiscal expenditure will expand further, providing strong support for the continued recovery of the economy, said Liao, adding that exact figures will be announced after going through legal procedures. (See MNI: China To Raise 2025 Deficit Ratio, More Special Bonds Eyed)

Keep reading...Show less