Economic data: The People’s Bank of China announces interest rates for a one-year medium-term loan facility. “If there is a cut today, we can be sure that [Tuesday’s] The GDP report will be worse than expected,” said Robert Carnell, head of Asia-Pacific research at ING.India and Singapore released their March trade balance.
India: Several three-day meetings will be launched under India’s G20 presidency. The Health Working Group will meet in Goa, the Digital Economy Working Group will meet in Hyderabad and the Chief Agricultural Scientist will meet in Varanasi. His two-day G20 space economy summit begins in Shillong. Prime Minister Narendra Modi visited Somnath to kick off his two-week cultural event, Saurashtra His Tamil His Sangamam, which celebrates the Tamil community in his home state of Gujarat.
Australia: Western Australia’s Prime Minister Mark McGowan has launched a five-day trade-focused visit to China. This is his first visit in four years and another sign of him easing tensions between Beijing and Canberra. According to official data, the state will account for 53% of the total trade in goods between Australia and China in 2021-2022.
industry: Chinaplas 2023, the world’s largest plastics and rubber industry trade fair, kicks off at Shenzhen World Exhibition & Convention Center. About 160,000 visitors are expected to browse the products and services of about 4,000 exhibitors, according to organizers. The Canton Fair, which began on Saturday and opened to foreign tourists for the first time since the Covid-19 pandemic, will run until May 5.
technology: Beijing-based mobile game developer Kunlun is hosting a public test of a ChatGPT-like product, while Shenzhen-based telecom company Huawei will launch its Nova 11 series phones.
https://www.ft.com/content/49de40b1-a70e-4501-9bed-2a08992c0be1 Live News: Chinese data show economic growth outperforming first-quarter GDP figures