3/ #China's Jan-October #trade with
ASEAN +15.8% y/y to 5.26 trillion yuan
🇪🇺EU +8.1% y/y to 4.68 trillion yuan
🇺🇸US +6.8% y/y to 4.21 trillion yuan
🇰🇷Korea +6.5% y/y to 2.02 trillion yuan #trade
4/ 🇨🇳#China October imports (y/y): #Ironore +3.6% to 94.98million tons #Copper ore +1.8% to 1.87 million tons #Coal +8.31% to 29.18million tons #Crudeoil +14.1% to 43.13million tons #Naturalgas -18.9% to 7.61million tons #Vehicle +87.5% to 75K units #OOTT
China's Climate Envoy Xie Zhenhua: Met John Kerry in Unofficial Talks. China-U.S. Climate Relations Have a Very Good History. Pelosi's Visit to Taiwan Hurt Chinese People's Feeling. Responsibility Now Lies with U.S. Side on Climate Relations. #China#US#Taiwan#ClimateCrisis
China Climate Envoy Xie Zhenhua: Even During Diplomatic Suspension, John Kerry and I Kept in Communication. Kerry and I Decided Here to Maintain Communications Between Our Delegations. The U.S. Has Closed the Door on Relations, It is China Trying to Open It. #China#US#COP27
China Climate Envoy Xie Zhenhua: We Have Started Informal Consultations with U.S. Side at COP27. China Climate Envoy Xie Zhenhua: President Xi Has Very Busy Domestic Schedule. #China#US#COP27
#China's President Xi: China’s Security Increasingly Unstable, Uncertain - State Media
#China's President Xi: World is undergoing profound changes unseen in a century. Instability and uncertainty of China's security situation has increased. Tasks of military struggle remain arduous.
#China's President Xi inspected the Joint Operations Command Center of the Central Military Commission on November 8, showing the clear attitude of the new Central Military Commission to comprehensively strengthen military training and preparation: CCTV
China's Zhengzhou city takes steps to improve the precision of epidemic control measures after being criticized for its 'one-size-fits-all' method. #China#COVID19#Zhengzhou
The central Chinese city of Zhengzhou will only lock down a single unit if there are fewer than 2 new Covid cases in the same unit of the community, instead of putting the entire community under temporary control measures. #China#COVID19#Zhengzhou
Zhengzhou City: Will avoid oversimplified anti-epidemic approaches. Will strive to ensure normality for the majority while controlling a very small number of infections. #China#COVID19#Zhengzhou
#China's President Xi: China Will Continue to Open Up, to Pursue Win-win Cooperation.
#China's President Xi: China Will Strengthen Linkage Effect Between Domestic and International Markets and Promote Building of an Open World Economy.
#China's President Xi: China Will Encourage All Countries and Parties to Share Opportunities for Deepening International Cooperation and Promote International Macroeconomic Policy Coordination.
German Chancellor Scholz Begins News Conference in Beijing with China's Li. #China🇨🇳 #Germany🇩🇪
Scholz: It's Good and Right for Me to Be Here. In These Times, It's Even More Important Than Usual to Talk and Exchange with Each Other. #China🇨🇳 #Germany🇩🇪
Scholz: Xi and I Are of the Same Opinion That Nuclear Threats Are Not Acceptable. #China🇨🇳 #Germany🇩🇪
BOE'S BAILEY: MPC WILL NOT PURSUE PATH THAT WE THINK WILL DRIVE INFLATION FAR BELOW TARGET. MPC DOES NOT FOLLOW THE MARKET. PUBLICATION OF CONSTANT RATE FORECASTS DO NOT MEAN MPC EXPECTS TO KEEP BANK RATE CONSTANT EITHER. WE SHOULD NOT INCREASE BANK RATE TOO FAR.
$GBP #UK
BOE'S BAILEY: REGARDLESS OF PATH OF BANK RATE, MPC JUDGES RISK TO INFLATION PROJECTIONS SKEWED TO UPSIDE. SUBSTANTIAL UPSIDE RISKS TO INFLATION PATH. THERE IS NO EASY OUTCOME. THERE IS A DOWNSIDE PATH FOR MORTGAGE RATES.
$GBP #UK