MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

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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TURKEY: Foreign Minister Discusses Economic Ties During China Visit

TURKEY
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  • Foreign Minister Hakan Fidan said Turkey wants to cooperate with China on energy, including nuclear power. “We expect investments in Turkey to be encouraged and more imports to be made,” he said according to Milliyet. According to AA, discussions also centered on encouraging more Chinese companies to invest in Turkey and harmonizing efforts on the Middle Corridor and the Belt and Road Initiatives.
  • Dunya report that total credit volume within the banking sector contracted by 15% in real terms in the nine months between July 2023 and April this year as tight monetary policy took effect.
  • The central bank will publish weekly data on foreign investment and reserves at 12:30BST/14:30 local time. Meanwhile, President Erdogan receives his Uzbekistan counterpart Shavkat Mirziyoyev in Ankara, followed by bilateral meetings and press conference.
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  • Foreign Minister Hakan Fidan said Turkey wants to cooperate with China on energy, including nuclear power. “We expect investments in Turkey to be encouraged and more imports to be made,” he said according to Milliyet. According to AA, discussions also centered on encouraging more Chinese companies to invest in Turkey and harmonizing efforts on the Middle Corridor and the Belt and Road Initiatives.
  • Dunya report that total credit volume within the banking sector contracted by 15% in real terms in the nine months between July 2023 and April this year as tight monetary policy took effect.
  • The central bank will publish weekly data on foreign investment and reserves at 12:30BST/14:30 local time. Meanwhile, President Erdogan receives his Uzbekistan counterpart Shavkat Mirziyoyev in Ankara, followed by bilateral meetings and press conference.