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MNI China Press Digest Sept 10: Panda Bonds, CPI, FDI

MNI picks key stories from today's China press.
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaStoryRegion

MNI (BEIJING) - Highlights from Chinese press reports on Tuesday:

  • Analysts expect panda-bond issuance to exceed CNY200 billion in 2024, as low financing costs attract overseas issuers, Securities Daily reported. As of Monday, 81 panda bonds totalling CNY142.7 billion have been issued since the start of this year, up 25% when compared to the same period last year, the Daily said. The expansion of panda bonds will improve the openness and international influence of China's debt market, and promote yuan internationalisation, the newspaper said, citing analysts.
  • The government should increase investment in public goods to address insufficient effective demand after August’s CPI rose 0.6% y/y and PPI fell 1.8% y/y, according to Zhang Liqun, a researcher at the Macroeconomic Research Department of the State Council. Zhang noted although food-price rises would be short term, authorities should support low-income groups' consumption in a timely manner. Wang Qing, chief macro analyst at Dongfang Jincheng, said downward pressure on industrial consumer goods and service prices would see September's CPI reach around 0.5%, ending two consecutive months of acceleration. (Source: Yicai)
  • Multinational companies are likely to increase investment in emerging markets and reduce profit repatriation should the Federal Reserve begin rate cuts, Yicai.com reported, citing Xing Ziqiang, chief economist at Morgan Stanley China. China’s foreign direct investment had fallen amid a cyclical decline in global capital investment, as geopolitical changes have encouraged companies to prioritise safety over efficiency, the newspaper said, citing Chong Quan, president of the China World Trade Organization Research Association.
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MNI (BEIJING) - Highlights from Chinese press reports on Tuesday:

  • Analysts expect panda-bond issuance to exceed CNY200 billion in 2024, as low financing costs attract overseas issuers, Securities Daily reported. As of Monday, 81 panda bonds totalling CNY142.7 billion have been issued since the start of this year, up 25% when compared to the same period last year, the Daily said. The expansion of panda bonds will improve the openness and international influence of China's debt market, and promote yuan internationalisation, the newspaper said, citing analysts.
  • The government should increase investment in public goods to address insufficient effective demand after August’s CPI rose 0.6% y/y and PPI fell 1.8% y/y, according to Zhang Liqun, a researcher at the Macroeconomic Research Department of the State Council. Zhang noted although food-price rises would be short term, authorities should support low-income groups' consumption in a timely manner. Wang Qing, chief macro analyst at Dongfang Jincheng, said downward pressure on industrial consumer goods and service prices would see September's CPI reach around 0.5%, ending two consecutive months of acceleration. (Source: Yicai)
  • Multinational companies are likely to increase investment in emerging markets and reduce profit repatriation should the Federal Reserve begin rate cuts, Yicai.com reported, citing Xing Ziqiang, chief economist at Morgan Stanley China. China’s foreign direct investment had fallen amid a cyclical decline in global capital investment, as geopolitical changes have encouraged companies to prioritise safety over efficiency, the newspaper said, citing Chong Quan, president of the China World Trade Organization Research Association.