-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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: PBOC Net Injects CNY28.8 Bln via OMO Thursday
MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit
MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%
MNI EXCLUSIVE: China Aims At Australian Trade Over Virus Spat
--Anti-Dumping Tariffs Retaliation For Canberra's Trump Support
BEIJING (MNI) - Australia could find its barley exports to China
effectively banned for up to five years as Beijing considers imposing
anti-dumping tariffs, with Canberra caught in the crossfire between China and
the U.S. tensions, sources close to the Chinese government told MNI.
Although denied by the Chinese government, any trade restrictions on
Australian exports -- which may last four to five years, a typical length for
anti-dumping investigations -- will likely be a response to Canberra's echoing
Washington's call for an investigation into the origins of the Covid-19
outbreak, said an industry source.
China, Australia's biggest market, has also suspended beef imports from
four Australian processing plants, jeopardising thousands of jobs.
--PUNISH ALLIES
"The message is quite clear: China won't take on the U.S. directly, but can
definitely punish U.S. allies who support President Trump's claim," another
source added.
Cutting imports from Australia would also allow China to increase purchases
of the products from the U.S., helping China meet import commitments under its
Phase 1 trade deal, the second source added.
The Trump administration had sought to make China bear the blame for the
pandemic by suggesting that the virus was leaked from a lab in Wuhan and by
accusing China of an initial coverup.
Shen Dingli, associate dean at Fudan University's Institute of
International Studies said, "I believe the U.S. is glad to see these (bans on
Australian beef and tariffs) happen as the moves will benefit the U.S. exports."
--THREAT TO BEIJING RULE
China sees claims such as those laid out by Trump as direct challenges to
Communist Party rule, virtually forcing it to react, said Shi Yinhong, a
professor with Renmin University and an advisor to the government.
This is not the first time Beijing has appeared to punish a U.S. ally for
cooperating with Washington over China. In December 2018, Canada arrested Meng
Wanzhou, chief financial officer of hi-tech giant Huawei, at the request of the
U.S. for allegedly breaching U.S. sanctions against Iran.
China detained two Canadian citizens and targeted imports of canola in
following months, although denying any direct linkage with the Meng case.
"It shows that countries around the world have diminishing wiggling space
in the middle of the two giants," said a third source close to the government.
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MC$$$$,MI$$$$,MT$$$$,MX$$$$,MGQ$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.