economic data : The People’s Bank of China announces the interest rate for its one-year medium-term loan facility. “If there is a cut today, we can be absolutely sure of it. [Tuesday’s] The GDP report will be worse than expected,” says Robert Carnell, head of Asia-Pacific research at ING. India and Singapore release trade balance figures for March.
India: Several three-day meetings kick off under India’s G20 Presidency: Health Task Force meets in Goa, Digital Economy Task Force meets in Hyderabad and top agricultural scientists meet in Varanasi. The two-day G20 Space Economy Leaders Meeting kicks off in Shillong. Prime Minister Narendra Modi visits Somnath to inaugurate the Saurashtra Tamil Sangamam, a two-week cultural event celebrating the Tamil community in his home state of Gujarat.
Australia: Mark McGowan, the premier of Western Australia, embarked on a five-day trade-focused trip to China, his first in four years and another sign of easing tensions between Beijing and Canberra. The state accounted for 53% of all Australian merchandise trade with China in 2021-22, according to official data.
industry: Chinaplas 2023, the world’s largest exhibition for the plastics and rubber industry, opened at the Shenzhen World Exhibition & Convention Center. According to organizers, around 160,000 visitors are expected to see the products and services of nearly 4,000 exhibitors. The Canton Fair, which opened on Saturday and welcomed foreign visitors for the first time since the Covid-19 pandemic, runs until May 5.
technology: Beijing-based mobile game developer Kunlun is holding a public test of its ChatGPT-like product, while Shenzhen-based telecommunications company Huawei has launched its Nova 11 range of mobile phones.
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