MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

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ITALY MAY INDUSTRIAL PRODUCTION +0.5% M/M ; -3.3% WDA Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

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

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

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No Basis for Yuan’s Long-term Appreciation: News

CHINA PRESS

The yuan is unlikely to appreciate from the current level of around 6.64 to the dollar but will become more volatile due to both bullish and bearish factors including China's faster economic recovery, changes in its foreign exchange policies, the global management of the pandemic, and uncertainties around the U.S. election, the Shanghai Securities News reported on Thursday. Citing commentators including Guan Tao, an economist from BOC International, the report said that the currency's short-term surge may lead to asset bubbles and put exports under pressure. While short-term factors support the yuan, long-term conditions for a stronger yuan haven't taken shape, the newspaper said citing economist Lian Ping of Zhixin Investment.

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