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 - US Chipmakers Warn Against Additional China Measures

US
  • Executives from US chipmakers have urged the Biden administration to resist additional semiconductors export controls on China, likely to focus on rules around chip processing speeds and artificial intelligence-ready tech.
  • Secretary of State Antony Blinken told reporters yesterday that, “it's really hard to replace what’s now being lost as a result of Russia," abandoning the Black Sea gain deal.
  • The biannual Aspen Security Forum gets underway in Colorado today with a raft of Biden administration and foreign officials in attendance.
  • Senator Joe Manchin (D-WV) told a “no Labels” event that a third-party presidential bid in 2024 would force the major political parties to moderate “extreme” positions.
  • Florida Governor Ron DeSantis (R-FL) will attempt to “reset” his flagging 2024 presidential campaign with a CNN interview today.
  • US Defense Secretary Lloyd Austin will today host another virtual meeting of the Ukraine Defense Contact.
  • President Biden has extended a US invitation to Israeli Prime Minister Benjamin Netanyahu after a months-long snub over Netanyahu's judicial reform and Palestine policy.
  • Poll of the Day: Senator Sherrod Brown (D-OH) has the early edge in the crucial Ohio Senate race.
Full article: US Daily Brief
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