MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1058 Thurs; -4.80% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1058 THURS VS 7.1048

CBI Reported Retail Sales At Cycle Lows

MNI: UK CBI APR DIST TRADE REPORTED SALES -44

France Manufacturing Sentiment Reverses Year-To-Date Gains

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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Politburo-China Will Stick To Dynamic COVID Zero Policy: Xinhua

CHINA

State-run outlet Xinhua reporting comments from the Politburo of the Chinese Communist Party's monthly meeting stating that China will maintain its controversial 'dynamic zero COVID' policy that has seen strict lockdowns enacted long after the rest of the world has moved to a more managed relationship with the virus.

  • Politburo: '[China] must immediately prevent and control the epidemic when it occurs. Efforts should be made to track viral mutations and develop new vaccines and drugs.'
  • Politburo: "Macro policies need to play an active role in expanding demand...will strike to achieve the best results for the economy'.
  • Politburo: Gov't will work to keep economic operations within reasonable range, will keep liquidity ample, step up credit support to companies, will stabilise employment, prices in H222.
  • Politburo: CCP 'will promote the healthy and sustainable development of platform economy. Will normalise supervision of platform economy'.
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