Economic data: The People’s Bank of China announced the interest rate for one-year medium-term lending facility. “If there is a cut today, then we can be pretty sure [Tuesday’s] The GDP report will be worse than expected,” said Robert Carnell, head of Asia-Pacific research at ING. India and Singapore release trade balance data for March.
India: Several three-day meetings began under India’s G20 presidency: the Goa-focused health working group, the digital economy working group meeting in Hyderabad, and leading agricultural scientists. centered in Varanasi. The two-day G20 space economy leaders meeting begins in Shillong. Prime Minister Narendra Modi traveled to Somnath to inaugurate Saurashtra Tamil Sangamam, a two-week cultural event honoring the Tamil community in his home state of Gujarat.
Australia: Mark McGowan, the premier of Western Australia, has embarked on a five-day tour of China focused on trade, his first trip in four years and another sign of tensions between Beijing and Canberra. has decreased. The state accounts for 53% of Australia’s total merchandise trade with China in 2021-22, according to official data.
Industry: Chinaplas 2023, the world’s largest plastic and rubber industry trade fair, opens at Shenzhen World Exhibition & Convention Center. Organizers say about 160,000 visitors are expected to see the products and services of nearly 4,000 exhibitors. The Canton Fair, which opens on Saturday and welcomes foreign visitors for the first time since the Covid-19 pandemic, will continue until May 5.
Technology: Beijing-based mobile game developer Kunlun held a public test of its ChatGPT-like product, while Shenzhen-based telecommunications company Huawei launched its Nova 11 series of mobile phones.