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MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

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Unemployment Rate Steady As Labour Force Expands

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Strikes At Total’s Sites Continue Albeit With Lower Participation

OIL

Industrial action at TotalEnergies’ sites in France continues on Tuesday with 24% of operators at its refineries joining strike action, the firm said.

  • This compares with 27% of workers joining strikes on Monday and 32% at the start of last week.
  • The CGT union on Monday said strikes at the Donges refinery have been renewed until 7 April. Latest reports stated operations at the Feyzin site remain reduced and operations at Gonfreville are halted.
  • The next nationwide strike in France is scheduled for 6 April, while Prime Minister Elisabeth Borne is due to meet labour union leaders on 5 April.
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