China

Reports that China is mulling ramping up multi billion services subsidies to boost economy

• Financial Times report

Barclays says further PBOC easing is becoming increasingly unavoidable

• Analysts at the bank point to low inflation, muted domestic demand, and growing tariff tensions

Malaysia is preparing to tighten its oversight of semiconductor exports to China

• In particular, shipments of high-end Nvidia AI chips, in response to U.S. pressure to prevent illicit flows to China.

Ant Group has developed AI models using Chinese-made chips, reducing training costs

• Ant says achieving performance close to Nvidia’s restricted H800 chips

Morgan Stanley raises its 2025 GDP growth forecast for China by 50 bps to 4.5%

PBOC sets USD/ CNY reference rate for today at 7.1780 (vs. estimate at 7.2496)

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

PBOC is expected to set the USD/CNY reference rate at 7.2496 – Reuters estimate

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

ICYMI - China is considering joining the potential peacekeeping mission for Ukraine

• German media report on Saturday.

China vice premier He Lifeng met heads of Apple, Pfizer, MasterCard, Eli Lilly, Cargill

• Met with heads of Apple, Pfizer, MasterCard, Eli Lilly, Cargill and others on Sunday

Japan and China met on Saturday for talks on their economies

• It was the first meeting between Asia's two largest economies in six years

US Senator Steve Daines will visit China for trade talks

• I haven't a schedule for this as yet

PBOC sets USD/ CNY central rate at 7.1760 (vs. estimate at 7.2423)

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

PBOC is expected to set the USD/CNY reference rate at 7.2423 – Reuters estimate

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

PBOC sets USD/ CNY reference rate for today at 7.1754 (vs. estimate at 7.2402)

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

PBOC is expected to set the USD/CNY reference rate at 7.2402 – Reuters estimate

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