-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Press Digest Aug 6: Trade, Yuan, Deleveraging
BEIJING (MNI) - The following lists highlights from the Chinese press for
Monday:
China has been "rational and restrained" in its countermeasures against the
U.S's "blackmail," Xinhua News Agency said in a commentary, after China
announced retaliatory tariffs ranging from 5% to 25% on U.S. goods worth USD60
billion on Friday. Differentiated tariff rates were taken out of consideration
for the interests of both Chinese people and the global industrial chain, Xinhua
said. China will not rush to compete with U.S. numbers, but it is ready to take
"quantitative and qualitative measures" against the U.S.'s next move, Xinhua
added. China welcomes negotiations with the U.S. on the basis of mutual respect,
equality and benefit, Xinhua said.
The PBOC's maximum level of tolerance for yuan depreciation may be 7.0, the
Economic Observer reported, after the PBOC announced a 20% reverse requirement
ratio on the trading of foreign-exchange forward contracts. However, the
authorities would like the market to take a dominant role in deciding the yuan's
exchange rate, the newspaper said, citing Guan Tao, former director-general of
Balance of Payments at the State Administration of Foreign Exchange (SAFE).
Regulating and stabilizing market expectations are currently key for the PBOC to
ensure there is enough room for policy implementation, the newspaper said,
citing a source close to the PBOC.
China should stay rational and calm in the face of credit defaults, as they
are inevitable in the process of deleveraging, China Securities Journal stated,
citing Sheng Songcheng, counsellor to the PBOC. Bank loans cannot satisfy all
the enterprises' demand for financing, and other channels have not been used
efficiently, Sheng said. Shadow-banking is neutral under this background, as it
serves the financial requirements of the real economy while exposing potential
risks, Sheng added, according to the newspaper. China should funnel funds into
the real economy and enhance the monetary policy's transmission mechanism to
balance preventing financial risks and serving the real economy, Sheng said.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.