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CN Wire

Nov 9 • 6 tweets • 6 min read

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 Climate Envoy Xie Zhenhua: In Meetings with Kerry, They Did Not Raise China Paying Towards Loss and Damage. China Supports Claims from Developing Countries on Loss and Damage Conversation. Happy to See Loss and Damage on COP Agenda.
#China #US #COP27

China Climate Envoy Xie Zhenhua: We Are Willing to Make Our Contribution on Loss and Damage, Though It is Not Our Obligation. We Should Not Change Climate Commitments This Year, but Make Concrete Actions to Implement Them.
#China #US #COP27

China Climate Envoy Xie Zhenhua: We Have to Keep Some Coal-fired Plants to Ensure Stability of Power Grid. China's Policies on Phasing out Coal Are Very Realistic.
#China #US #COP27 #coal #CoalTwitter

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@Sino_Market

Nov 11

#China #COVID rules adjustment:
*Shorten quarantine requirement for close contacts to 8 days vs 10 days before (5+3 vs 7+3);
*Will identify close contacts only, and no longer identify close contacts of close contacts;
*Cancel circuit breaker mechanism for inbound flights;
1/n)

*Cut negative nucleic acid test requirement for inbound flight passengers to 1 negative result within 48 hours before boarding vs 2 results previously;
*Adjust risk area labels to 'high and low' from 'high, medium and low' to minimize number of control personnel;
2/n)

*People leaving high-risk areas will be required to undergo '7-day home quarantine' vs '7-day centralized quarantine' previously;
*Nucleic acid testing must be carried out according to 9th edition of covid protocols, scope testing shall not be expanded;
3/n)

Read 5 tweets

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@Sino_Market

Nov 10

DALLAS FED'S LOGAN: CPI INFLATION DATA IS A WELCOME RELIEF, BUT STILL A LONG WAY TO GO. INFLATION IS MUCH TOO HIGH. BELIEVES IT MAY SOON BE APPROPRIATE TO SLOW THE PACE OF RATE INCREASES SO FED CAN BETTER ASSESS HOW FINANCIAL AND ECONOMIC CONDITIONS ARE EVOLVING.
#FED $USD

DALLAS FED'S LOGAN: DOESN'T SEE THE DECISION ABOUT SLOWING THE PACE OF RATE HIKES AS BEING PARTICULARLY CLOSELY RELATED TO THE INCOMING DATA. MONETARY POLICY MUST FOCUS NOW ON PROMPTLY RESTORING PRICE STABILITY.
#FED $USD

DALLAS FED'S LOGAN: ADJUSTMENTS IN THE FINANCIAL SYSTEM IN RESPONSE TO INTEREST RATES ARE EXPECTED AND APPROPRIATE TO MODERATE DEMAND AND REDUCE INFLATION. WE ARE SEEING A NORMAL FINANCIAL MARKET RESPONSE TO TIGHTER MONETARY POLICY.
#FED $USD

Read 4 tweets

CN Wire

@Sino_Market

Nov 10

U.S. Weekly Initial Jobless Claims: 225K, [Est. 220K, Prev. 218K]
U.S. Oct. Core CPI (MoM): 0.3%, [Est. 0.5%, Prev. 0.6%]
U.S. Oct. Core CPI (YoY): 6.3%, [Est. 6.5%, Prev. 6.6%]
U.S. Oct. CPI (MoM): 0.4%, [Est. 0.6%, Prev. 0.4%]
U.S. Oct. CPI (YoY): 7.7%, [Est. 8.0%, Prev. 8.2%]

US stock index futures rally, spot #gold soars after US CPI data. ICE USD Index plunges over 100 pips to below 111. $USD $XAU

Oil futures extend gains, WTI and Brent crude up by $1 a barrel. #OOTT

Read 4 tweets

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@Sino_Market

Nov 8

#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

Read 4 tweets

CN Wire

@Sino_Market

Nov 7

⚡
China October trade balance(in USD term) $85.15bln; Est. $95.97bln, Prev. $84.75 bln;
#Imports -0.7% y/y ; Est. +0.0%, Prev.+0.3%;
#Exports -0.3% y/y ; Est. +4.5%, Prev.+5.7%.
1/ thread #trade #import #export #economy 🇨🇳 🇺🇸

#China October Yuan-denominated trade data
Trade balance +586.81 bln yuan; Prev.+573.57 bln yuan;
Imports +6.8% y/y, Est.+10.0%, Prev.+5.2%.
Exports +7.0% y/y, Est.+12.7%, Prev.+10.7%.
2/ thread #trade #import #export #econtwitter 🇨🇳

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

Read 5 tweets

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@Sino_Market

Nov 6

https://twitter.com/Sino_Market/status/1588793231399350272

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

https://twitter.com/Sino_Market/status/1588793231399350272

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

Read 4 tweets

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