CHINA ECONOMIC UPDATE: MARKET MOVEMENTS AND POLICY ACTIONS ON 1/2/2025
CHINA ECONOMIC UPDATE: MARKET MOVEMENTS AND POLICY ACTIONS ON 1/2/2025
China's Central Bank injects 24.8 billion yuan via 7-day reverse repos at 1.50%.
7-day repo rate drops by 42 basis points to 1.5647%.
Caixin Manufacturing PMI for December at 50.5, below the forecast of 51.7 and previous 51.5.
Onshore Yuan weakens past 7.3 per USD for the first time since November 2023 before recovering.
China's 10-year government bond yield hits a new historical low of 1.64%, down 3 basis points.
