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: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

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

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 China Press Digest April 11: Li Qiang, Telecoms, Ships

MNI (BEIJING)
BEIJING (MNI)

MNI picks key stories from today's China press

Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsEM Policy StoryEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
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Highlights from Chinese press reports on Thursday:

  • Chinese Premier Li Qiang has signed an order clarifying the compensation entitlement of individuals and organisations for ecological protection activities. Authorities should guide social funds to establish market-oriented ecological compensation funds, the order stated. Local governments should provide payments via fiscal transfers for natural resource protection, ecological environment management and restoration. (Source: Yicai)
  • Authorities have proposed measures to expand the opening of telecommunications services to optimise the foreign-investment environment at several pilot zones, according to the Ministry of Industry and Information Technology. The proposal plans to cancel internet data centres, content distribution networks and remove restrictions on foreign equity in internet access services. Pilot zones should have institutional advantages in open innovation, a sound system for attracting foreign investment and adequate safety supervision capabilities, the Ministry added.(Source: Yicai)
  • China exported 937 ships during the first two months of this year, up 59% y/y, with new ship orders totalling 15.2 million deadweight tonnes, a rise of 64.4% y/y, according to data from the China Shipbuilding Industry Association. Given current demand trends, shipbuilders could see this up-cycle last 3 to 5 years with good demand for oil tankers and dry bulk carriers, according to Zhou Jianxiang, deputy general manager of CSSC Chengxi, a shipyard. Market demand had increased as countries were concerned by geo-political risk and the increasing number of conflicts, Zhou added. (Source: Yicai)
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Highlights from Chinese press reports on Thursday:

  • Chinese Premier Li Qiang has signed an order clarifying the compensation entitlement of individuals and organisations for ecological protection activities. Authorities should guide social funds to establish market-oriented ecological compensation funds, the order stated. Local governments should provide payments via fiscal transfers for natural resource protection, ecological environment management and restoration. (Source: Yicai)
  • Authorities have proposed measures to expand the opening of telecommunications services to optimise the foreign-investment environment at several pilot zones, according to the Ministry of Industry and Information Technology. The proposal plans to cancel internet data centres, content distribution networks and remove restrictions on foreign equity in internet access services. Pilot zones should have institutional advantages in open innovation, a sound system for attracting foreign investment and adequate safety supervision capabilities, the Ministry added.(Source: Yicai)
  • China exported 937 ships during the first two months of this year, up 59% y/y, with new ship orders totalling 15.2 million deadweight tonnes, a rise of 64.4% y/y, according to data from the China Shipbuilding Industry Association. Given current demand trends, shipbuilders could see this up-cycle last 3 to 5 years with good demand for oil tankers and dry bulk carriers, according to Zhou Jianxiang, deputy general manager of CSSC Chengxi, a shipyard. Market demand had increased as countries were concerned by geo-political risk and the increasing number of conflicts, Zhou added. (Source: Yicai)