MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

Aircraft-Led Durables Collapse Masks Rebound In Core Orders

MNI: BELGIUM JUL BNB BUSINESS SURVEY -12.3

MNI: US Q2 GDP +2.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Yuan Faces Depreciation as US Turns Hawkish: Journal

CHINA PRESS
MNI (Singapore)

The market should be prepared for a depreciating yuan in the near term as the Federal Reserve's hawkish turn raises the prospect of a higher U.S. dollar index, the China Securities Journal reported citing analysts. The PBOC may take various measures if the yuan is judged to be moving too quickly in either way, the newspaper said citing Zhang Ming, deputy director of the Institute of Finance & Banking at the Chinese Academy of Social Sciences. Both onshore and offshore yuan have weakened more than 1,000 points to around 6.47 after peaking in end-May, the newspaper said.

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