MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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Singapore PM-US Should Strive For 'Stable' Relations w/China

US-CHINA

Singaporean Foreign Ministry issues presser stating that at a meeting between Speaker of the US House of Representatives Nancy Pelosi (D-CA) and Singaporean Prime Minister Lee Hsien Loong, the latter "highlighted the importance of stable US-China relations for regional peace and security".

  • Full press release: https://www.mfa.gov.sg/Newsroom/Press-Statements-T...
  • With the first leg of the Congressional Delegation (CODEL) trip led by Pelosi underway, it remains unclear whether the group will visit Taiwan. This would be the first visit to Taiwan by a House speaker since then-Speaker Newt Gingrich's brief visit in 1997.
  • China has warned of a 'military response' should the visit go ahead. Liu Tin-ting at Taiwan's TVBS tweets "From my sources, Speaker Pelosi is arriving in Taipei tomorrow night."
  • In a phone call last week, Chinese President Xi Jinping warned US President Joe Biden on any US interference in Taiwan, with the Chinese Foreign Ministry quoting Xi as saying that “Those who play with fire will perish by it...It is hoped that the U.S. will be clear-eyed about this.”
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