MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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MNI: China Q1 Industrial Profits Slow

MNI (Singapore)
     BEIJING (MNI) - Combined profits made by China's industrial companies in
the first quarter rose 11.6% from a year ago to CNY1.55 trillion, the National
Bureau of Statistics said Friday. That compared with an increase of 16.1% y/y in
Jan-Feb 2018, and was the lowest increase since December 2016, when the reading
was 8.5%.
     Among 41 industries, 25 including most mining and manufacturing had profits
rising y/y. One industry had a flat reading and 15 had profits falling. 
     Industrial profits for March rose only by 3.1% y/y to CNY589.75 billion,
compared with over 20% in every month last year.
     Here are the subcategory breakdowns of the 1Q industrial profits:
     --State-owned enterprises' profits rose 23.1% y/y to CNY476.29 billion,
compared with 29.6% gain in Jan-Feb.
     --Publicly-listed companies' profits rose 16.2% y/y to CNY1.09 trillion,
compared with 21.0% growth in Jan-Feb.
     --Mining companies' profits rose 36.1% to CNY137.54 billion, compared with
a growth rate of 42.1% in Jan-Feb.
     --Manufacturing industry profits rose 8.2% y/y to CNY1.30 trillion,
compared with 12.5% growth in Jan-Feb.
     --Power companies' profits rose 30.4% y/y to CNY112.06 billion, compared
with a 35.2% gain in Jan-Feb.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MT$$$$]
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