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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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, Jan 10: GDP, Tax Cuts, PBOC
BEIJING (MNI) - The following lists highlights from the Chinese press for
Thursday:
China's economy is likely to stabilize after the first quarter and may pick
up in the second half of the year, Securities Daily reported citing Sheng
Songcheng, a former counselor at the People's Bank of China (PBOC). Growth in
2018 is likely to slow to 6.2% in 2019 after 6.6% last year, the newspaper said
citing Zhu Baoliang, director of economic forecasting at the State Information
Center.
China's State Council executive meeting on Wednesday introduced a series of
tax cuts for small businesses amounting to CNY200 billion each year for the next
three years, according to a statement on the government's website late
Wednesday.
The People's Bank of China (PBOC) will establish an incentive-based
mechanism to encourage banks to actively boost lending to the real economy,
instead of using administrative measures like setting targets or assigning
orders, Xinhua News Agency said citing the central bank's Governor Yi Gang. The
PBOC will try to channel liquidity into the real economy from both supply and
demand sides, including taking measures to help banks' top up capital, Xinhua
said citing Yi.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]
To read the full story
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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.