MNI China Daily Summary: Thursday, Feb 6

MNI: UK JAN CONSTRUCTION PMI 48.1 (FCAST 53.5, PRIOR 53.3)

MNI: EUROZONE JAN CONSTRUCTION PMI 45.4 ; DEC 42.9

MNI BRIEF: China Wants Dialogue Over U.S. Trade Dispute

MNI: PBOC Net Drains CNY204.5 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1691 Thurs; -1.02% Y/Y

MNI: EUROZONE DEC RETAIL SALES -0.2% M/M, +1.9% Y/Y

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GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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POWER: Vattenfall CEO Urges to Europe to Increase Transmission Capacity

POWER
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Europe needs to increase its power transmission capacity to ensure energy security, Vattenfall’s CEO Anna Borg said, cited by Reuters. 

  • “Both from a sort of independence perspective and the security perspective, because also in the geopolitical context, there is a need to be more self-sufficient in Europe in general”, Borg said.
  • Borg added that Europe also needs more fossil-fuel free generation capacity. She warned that the demand outlook is currently challenging, with some companies holding back on investment due to an uncertain market and political environment.
  • Vattenfall plans to spend 170bn Swedish Krona (€15bn) over the next five years on new wind power and grid projects and the planning of new nuclear generation capacity. 
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Europe needs to increase its power transmission capacity to ensure energy security, Vattenfall’s CEO Anna Borg said, cited by Reuters. 

  • “Both from a sort of independence perspective and the security perspective, because also in the geopolitical context, there is a need to be more self-sufficient in Europe in general”, Borg said.
  • Borg added that Europe also needs more fossil-fuel free generation capacity. She warned that the demand outlook is currently challenging, with some companies holding back on investment due to an uncertain market and political environment.
  • Vattenfall plans to spend 170bn Swedish Krona (€15bn) over the next five years on new wind power and grid projects and the planning of new nuclear generation capacity.