PBOC sets USD/CNY central rate at 6.8664 (vs. yesterday at 6.8849)

Eamonn Sheridan

Wednesday, 19/04/2017 | 01:15 GMT-0

Open Market operations

To inject 40 bn yuan through 7-day reverse repos
To inject 20 bn yuan through 14-day reverse repos
To inject 20 bn yuan through 28-day reverse repos

(Net 60bn yuan injected allowing for maturing RRs)

Lower USD overnight reflected in the reference rate today

Also, in the China press today:

A deputy director of the China Economic Monitoring and Analysis Centre at the NBS
China has a good chance of hitting 6.5% growth rate this year
Would help achieve its goals on employment levels
Notes the positive impact of rise in commodity prices
Says still an building of financial risks, property risk - says some reduction in risks from property due to new regulation

Also, check this out from MArket Watch:

three economists, including two from the New York Fed, say the problem may actually be the opposite - that official Chinese economic data understates performance from the world's second-largest economy

Can't say I'm too keen on this ... while I get the usefulness of comparing North and South Korea using such a methodology I reckon it might be a bit too broad-brush to apply to nuances in Chinese growth rates. I could be wrong though, often am.