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MNI China Press Digest Sept 13: PPI, CSRC, EU EVs

(MNI) Beijing
MNI picks keys stories from today's China press
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaStoryRegion

Highlights from Chinese press reports on Friday:

  • PPI could improve this year from 2023’s 3% y/y decline, as the economy gradually bottoms out and base effects fade, 21st Century Business Herald reported, citing Su Jian, director at the National Economic Research Center, at Peking University. Falling international commodity prices contributed to August's PPI drop of 1.8%. Non-ferrous metal prices will probably fluctuate upward with supply picking up and demand showing resilience. Ferrous-metal prices would remain constrained by shrinking demand, said Su.
  • The China Securities Regulatory Commission will support equity, bond financing and futures risk management to help enterprises' development, and take multiple measures to activate the M&A and restructuring market, said CSRC Chairman Wu Qing. The Commission will deepen capital market reform and continuously improve the investment value of listed companies, said Wu. (Source: Yicai.com)
  • China’s Minister of Commerce Wang Wentao will meet EC Trade Commissioner Dombrovskis on Sept 19 to discuss the EU's anti-subsidy case against China's electric vehicles, He Yongqian, spokesperson for the Ministry of Commerce has said. Regarding trade with Canada, He said evidence showed Ottawa has dumped canola exports to China causing substantial damage to the domestic industry. Beijing has launched an anti-dumping investigation without referral from an industry organisation given the dispersed nature of China’s rapeseed sector, He noted.
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Highlights from Chinese press reports on Friday:

  • PPI could improve this year from 2023’s 3% y/y decline, as the economy gradually bottoms out and base effects fade, 21st Century Business Herald reported, citing Su Jian, director at the National Economic Research Center, at Peking University. Falling international commodity prices contributed to August's PPI drop of 1.8%. Non-ferrous metal prices will probably fluctuate upward with supply picking up and demand showing resilience. Ferrous-metal prices would remain constrained by shrinking demand, said Su.
  • The China Securities Regulatory Commission will support equity, bond financing and futures risk management to help enterprises' development, and take multiple measures to activate the M&A and restructuring market, said CSRC Chairman Wu Qing. The Commission will deepen capital market reform and continuously improve the investment value of listed companies, said Wu. (Source: Yicai.com)
  • China’s Minister of Commerce Wang Wentao will meet EC Trade Commissioner Dombrovskis on Sept 19 to discuss the EU's anti-subsidy case against China's electric vehicles, He Yongqian, spokesperson for the Ministry of Commerce has said. Regarding trade with Canada, He said evidence showed Ottawa has dumped canola exports to China causing substantial damage to the domestic industry. Beijing has launched an anti-dumping investigation without referral from an industry organisation given the dispersed nature of China’s rapeseed sector, He noted.