MNI BRIEF: 5-Yr Inflation Expectation Highest Since May-NY Fed

MNI China Daily Summary: Monday, February 10

MNI BRIEF: PBOC'S Zou Promoted To Vice Governor Role

MNI BRIEF: China Steel To See Limited Impact From U.S. Tariffs

MNI: China CFETS Yuan Index Down 0.15% In Week of Feb 7

MNI: PBOC Net Drains CNY234 Bln via OMO Monday

MNI: NORWAY JAN CORE CPI +0.1% M/M, +2.8% Y/Y

MNI: NORWAY JAN CPI +0.2% M/M, +2.3% Y/Y

MNI: US DEC CONSUMER CREDIT +$40.8B

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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

MNI China Press Digest Feb 10: FX Reserves, Exports, CPI

MNI picks keys stories from today's China press
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
MNI (BEIJING)

Highlights from Chinese press reports on Monday:

  • China’s foreign exchange reserves rose 0.2% m/m in January to USD3.2 trillion, benefiting from a stronger U.S. dollar index, falling treasury yields and increases in major stock indices, according to Guan Tao, former senior official at the State Administration of Foreign Exchange. The Yuan displayed strong resilience in January as the elasticity of two-way fluctuations increased and FX reserves remained stable, Guan added.
  • China’s customs department is likely to support export firms this year through favourable tax policies and by expanding the scope of cross-border e-commerce retail sales, according to Song Siyuan, associate researcher at the Ministry of Commerce. Authorities may increase logistics and customs clearance services, improve logistics efficiency and reduce costs, Song added. China’s export sector can benefit from a complete industrial system and an increasing number of trading partners, Song continued.
  • China’s CPI reached 0.5% y/y in January, the fastest rate in five months, driven by Spring Festival demand and authorities' new round of consumer trade-in scheme, according to Wen Bin, chief economist at Minsheng Bank. The temperature drop affected agricultural production, causing pork prices and fresh fruit and vegetables to rebound, Wen added. Looking ahead, PPI declines may narrow as strong exports and resumption in construction following the Spring Festival supports a recovery of domestic industrial product prices, following January's 2.3% fall, Wen said.
223 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)

Highlights from Chinese press reports on Monday:

  • China’s foreign exchange reserves rose 0.2% m/m in January to USD3.2 trillion, benefiting from a stronger U.S. dollar index, falling treasury yields and increases in major stock indices, according to Guan Tao, former senior official at the State Administration of Foreign Exchange. The Yuan displayed strong resilience in January as the elasticity of two-way fluctuations increased and FX reserves remained stable, Guan added.
  • China’s customs department is likely to support export firms this year through favourable tax policies and by expanding the scope of cross-border e-commerce retail sales, according to Song Siyuan, associate researcher at the Ministry of Commerce. Authorities may increase logistics and customs clearance services, improve logistics efficiency and reduce costs, Song added. China’s export sector can benefit from a complete industrial system and an increasing number of trading partners, Song continued.
  • China’s CPI reached 0.5% y/y in January, the fastest rate in five months, driven by Spring Festival demand and authorities' new round of consumer trade-in scheme, according to Wen Bin, chief economist at Minsheng Bank. The temperature drop affected agricultural production, causing pork prices and fresh fruit and vegetables to rebound, Wen added. Looking ahead, PPI declines may narrow as strong exports and resumption in construction following the Spring Festival supports a recovery of domestic industrial product prices, following January's 2.3% fall, Wen said.