MNI China Press Digest July 2: PBOC, FDI, Land Revenue

MNI: PBOC Net Drains CNY298 Bln Via OMO Tues; Rates Unchanged

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

MNI: PBOC Sets Yuan Parity Higher At 7.1291 Tues; -0.09% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1291 TUES VS 7.1265

MNI China Daily Summary: Monday, July 1

June CPI Below Market Expectations, Headline Y/Y At 2.4%

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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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Republicans Slightly Favoured To Retain House Of Reps According To New Model

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Republicans have a 56% chance of retaining House, - reflecting a “dead heat for the chamber” according to a new model launched by Split Ticket.

  • Split Ticket notes: “The 2024 House playing field has changed significantly since our previous official ratings update in September. In our last update, 210 seats favored Democrats and 203 favored Republicans, while the remaining 22 seats were tossups. In this iteration, however, both parties are favored in 211 seats, with 13 tossups.”
  • Split Ticket adds: “Broadly, this change is driven by two main factors. The biggest one is that this is a significantly more Republican environment…” and secondly, “this is our first update implementing a numerical model to determine quantitative estimates of the most probable outcomes…”

Figure 1: 2024 House Ratings

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Republicans have a 56% chance of retaining House, - reflecting a “dead heat for the chamber” according to a new model launched by Split Ticket.

  • Split Ticket notes: “The 2024 House playing field has changed significantly since our previous official ratings update in September. In our last update, 210 seats favored Democrats and 203 favored Republicans, while the remaining 22 seats were tossups. In this iteration, however, both parties are favored in 211 seats, with 13 tossups.”
  • Split Ticket adds: “Broadly, this change is driven by two main factors. The biggest one is that this is a significantly more Republican environment…” and secondly, “this is our first update implementing a numerical model to determine quantitative estimates of the most probable outcomes…”

Figure 1: 2024 House Ratings

Keep reading...Show less