MNI China Daily Summary: Monday, October 14

MNI BRIEF: China Sep M2 Rises To Four-Month High

MNI BRIEF: China Foreign Trade Grow Steady; Exports +4.3% YTD

MNI BRIEF: China Foreign Trade Facing Pressure In Q4

CHINA YTD NEW LOANS CNY16.0 TRLN VS MEDIAN CNY16.3 TRLN: PBOC

CHINA SEP EXPORTS +2.4% Y/Y VS MEDIAN +6.0% Y/Y: CUSTOMS

EZ/UK Bond Supply Calendar: Luxembourg Synd; UK, FI Due Tuesday

MNI: CHINA YTD EXPORTS +6.2% Y/Y IN YUAN TERM: CUSTOMS

MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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Some local governments are taking the risk....>

CHINA
CHINA: Some local governments are taking the risk of investing in public-private
partnership (PPP) projects while ignoring the requirement that expenditures on
such projects be no more than 10% of a local government's total budget, Vice
Finance Minister Shi Yaobin said  at a meeting to discuss PPPs, the Ministry of
Finance (MOF) reported on its website on Tuesday. Shi said that such
expenditures would intensify the medium- to long-term fiscal pressures faced by
local governments. The MOF will alert local governments whose PPP expenditures
approach or surpasses 10% of their total budgets, and the MOF will also ban
local governments from borrowing money and increasing their debts through PPP
projects, Shi said.
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