- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- 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.
- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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 Press Digest March 17: Yuan, Ecommerce, Tourism Rebound
The following lists highlights from Chinese press reports on Wednesday:
- The yuan will show no clear advantage this year as the recovering global economy makes other nations' assets more attractive, Guan Tao, an economist at Bank of China Securities and a former official at State Administration of Foreign Exchange, wrote in a commentary by Netease Research. The yuan's valuation is also affected by China's rate of Covid inoculation, which is slower than some of its competitors, Guan said. The PBOC has also refrained from significant tightening, said Guan. On inflation, Guan said China's CPI may be moderately capped at 3%, given rising pork supplies and stable industrial production.
- China should enhance laws on data property rights to protect personal and commercial data and rein in the unregulated expansion of platform companies, many of which take advantages of loopholes to abuse rights of consumers, said the 21st Century Business Herald in the editorial. MNI noted that a chorus of state media has criticized the ecommerce industry after President Xi Jinping this week signaled further crackdown on privately owned online giants such as Alibaba Group and Meituan Inc., whose sprawling businesses provide essential services such as delivery and online shopping. Large so-called platform companies have expanded into multiple industries and overwhelmed smaller businesses, the newspaper said.
- China's tourism and entertainment industries are expected to surge as authorities loosen pandemic restrictions, the Securities Times said in a frontpage commentary. Beijing has removed requirements for nucleic acid tests on inbound travelers and nearby commuters. Entertainment performances around the countries are no longer restricted, benefiting hotels and transportation, the newspaper said. The economy is expected to fully recover with a nationwide inoculation push underway, the Times said.
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.