China

A cryptic comment from Xi Jinping is making waves

• The comment was made in October but just published today

China Vanke says its objective is to cut interest bearing debt by 100bn yuan in next 2 yrs

PBOC sets USD/ CNY reference rate for today at 7.0950 (vs. estimate at 7.2259)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2259 – Reuters estimate

• Mainland China markets are open today

PBOC sets USD/ CNY reference rate for today at 7.0948 (vs. estimate at 7.2259)

• PBOC CNY reference rate setting for the trading session ahead. More than 1300 pips from the estimate.

China hopes the Netherlands would ensure "normal" trade of lithography machines

• Chip making concerns

PBOC is expected to set the USD/CNY reference rate at 7.2259 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

US Treas Sec Yellen says not ready to discuss potential US retaliation over China

• Wants to have 'constructive' talks with Chinese officials

China Industrial Profits (January & February) +10.2% y/y (vs. prior -2.3%)

• YTD China Industrial Profits data rising solidly

PBOC sets USD/ CNY mid-point today at 7.0946 (vs. estimate at 7.2250)

• PBOC CNY reference rate setting for the trading session ahead.

China Industrial Profits data due at the bottom of the hour

• Combined January - February figures to be released

PBOC is expected to set the USD/CNY reference rate at 7.2250 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

China files a WTO complaint against US electric-vehicle subsidies

• Odds are they will win

Apple iPhone demand in China is cratering

• State data shows sales down 33% in February

New Zealand accuses China of hacking parliament

• New re a state-sponsored cyber hack on New Zealand's parliament in 2021