MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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MNI POLITICAL RISK ANALYSIS – US Daily

US
  • President Joe Biden is continuing his tour of East Asia today following the unveiling of the Indo-Pacific Economic Framework this morning. According to the White House, the IPEF will boost ties through common standards in supply-chain resilience, clean energy, infrastructure and digital trade but the reaction in Asia has been lukewarm: 'The problem with the framework is that it sets out a high-level set of intentions, all of which make sense, but until specific agreements are hammered out and agreed to then the actual impact is impossible to gauge.’
  • President Biden made two remarks over the weekend that interested news wires: He said the United States would use military force to defend Taiwan in the event of a Chinese invasion and he said that the US would welcome Japan as a permanent member on a reformed United Nations Security Council.
  • The White House is attempting to salvage the Summit of the Americas amid a growing list of countries intending to boycott the summit.
  • Poll of the Day: An increasing number of Republican voters believe that the US is doing too much to support Ukraine.
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