MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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N. Korean ICBM Launch Seems To Have Failed: Yonhap

NORTH KOREA

The intercontinental ballistic missile (ICBM) fired by North Korea this morning appears to have failed in normal flight after the second stage separation, Yonhap News Agency reports citing South Korea's Joint Chiefs of Staff.

  • North Korea conducted its seventh ICBM test this year, firing the projectile off the Sunan area in Pyongyang. It also launched two short-range ballistic missiles (SRBMs) from Kaechon in South Pyongan Province.
  • South Korean military believes that the ICBM used was a two-stage missile Hwasong 17, which was unveiled in 2020 and had its first successful flight on 24 March 2022. South Korea assessed that the North made some technological progress since previous tests.
  • The U.S. Department of State issued a statement calling on North Korea to cease provocations and return to dialogue, noting that the drills violate multiple UN Security Council resolutions.
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