-
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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI INTERVIEW: China To Push For Formal Belt & Road Structure
China wants eventually to develop its Belt and Road Initiative into a common market, with shared external tariffs, starting with framework treaties to open up trade further in a similar pattern to that followed by ASEAN, a leading Chinese international affairs expert told MNI.
China announced a new round of BRI investment last week in Beijing, with China Development Bank and the Export-Import Bank of China each providing a CNY350 billion financing window, with plans to inject CNY80 billion into the Silk Road Fund.
China would use ASEAN as a template for how the project can evolve, using agreements to first establish a single market for trade with the longer-term goal of a common market with the ability to set tariffs and duties, said Zheng Yongnian, director of the Institute for International Affairs at The Chinese University of Hong Kong.
“We are entering BRI 2.0 now that most heavy infrastructure projects are complete,” said Zheng, also board director at the Institute of the Greater Bay Area, adding that remaining projects would focus on green transition and tech-related endeavors. China now wants member countries to use Belt and Road for cooperation between each other, rather than have the group be entirely driven by initiatives from Beijing, Zheng said on the sidelines of last week’s BRI forum, which was addressed by President Xi Jinping. The number of bilateral meetings not involving Chinese leaders had increased at this year's forum, Zheng noted.
CPTPP
Zheng said China will employ a similar strategy as it did in its successful World Trade Organisation application in the late 1990s to overcome resistance from member countries to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
“China is reforming domestically first to show it can comply with CPTPP regulations,” he said. “After that, there is a good chance China will join in the end.”
Beijing has made accession to the CPTPP a top priority as national exports fell 6.2% in September marking the fifth month of contraction this year. Chinese leaders have regularly reiterated their intention to join the trading bloc and in June, Vice Commerce Minister Wang Shouwen said the Ministry of Commerce had submitted more than 2,300 articles to the CPTPP to demonstrate the compliant reform measures are underway
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.