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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 Daily Summary: Monday, February 05
MNI BRIEF: Swedish Monetary Policy Restrictive Through H1- IMF
MNI Brief: China Farm Price Index Highest Since Jan 2023
MNI China Press Digest, Sept 6: Yuan, Inflation, Property
BEIJING (MNI) - The following lists highlights from the Chinese press for
Thursday:
China should steadily push the market-based reform of its foreign exchange
forming mechanism and not rush to realize the free floating of the yuan, China
Securities Journal reported. China should reduce direct interventions in the FX
market and match the rate of reform with the speed of overall opening up, said
Xie Fuzhan, head of Chinese Academy of Social Sciences. A free-floating currency
isn't realistic or ideal, while floating based on certain management is
realistic, the journal said citing Ding Zhijie, deputy head of University of
International Business and Economics.
Inflation in China will likely remain benign in the near term given a
softening demand in a slowing economy, the Economic Information Daily said in a
commentary. Policy makers will want to avoid flooding the market with liquidity
while pushing to contain local government debt, so consumer prices are not
likely to gain. M1 growth has been slower than M2 for six months, so inflation
isn't likely to spike: the daily said.
China's local governments can ease polices for reducing property
inventories in their regions given the need to boost growth, the Securities
Daily reported. The Politburo Meeting in July and meetings held by the housing
ministry in August didn't mention property inventory reduction, the newspaper
said. Inventory reduction programs have had some success, it said.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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.