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MNI China Daily Summary: Monday, December 23

EXCLUSIVE: China’s steel demand is anticipated to fall in 2025 to under 100 million tonnes, as fiscal stimulus targets consumption and the real-estate market continues to decline, local analysts told MNI, adding manufacturing strength will partially offset the weakness.

LIQUIDITY: The People's Bank of China (PBOC) conducted CNY109.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY643.5 billion after offsetting the maturity of CNY753.1 billion today, according to Wind Information.

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EXCLUSIVE: China’s steel demand is anticipated to fall in 2025 to under 100 million tonnes, as fiscal stimulus targets consumption and the real-estate market continues to decline, local analysts told MNI, adding manufacturing strength will partially offset the weakness.

LIQUIDITY: The People's Bank of China (PBOC) conducted CNY109.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY643.5 billion after offsetting the maturity of CNY753.1 billion today, according to Wind Information.

Keep reading...Show less