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China was the first country to ground the newest version of Boeing’s workhorse 737 model last month following a deadly Ethiopian Airlines crash on March 10. Boeing filed an application on March 15 through the FAA to obtain an airworthiness certificate from CAAC, the Chinese regulator said in the statement that summarized remarks from a monthly briefing. CAAC said it had since set up a task force to review changes submitted by Boeing in accordance with a bilateral agreement between the United States and China.

The Chinese regulator did not specify the changes submitted, Boeing is planning to update the software on an anti-stall system linked to the Ethiopian Airlines crash and an earlier one of Indonesia’s hatching turtle with 24k gold plated egg cufflinks Lion Air but the planemaker has not yet submitted the update to FAA for approval, CAAC is one of several regulators taking part in an FAA review panel on the 737 MAX which is expected to start this month, The Chinese regulator said one of its pilot experts and one expert on aircraft certification would join the panel..

SHANGHAI (Reuters) - China’s bond market sold off sharply this week as a slew of unexpectedly strong economic indicators prompted investors to ask if country’s latest round of monetary easing may be drawing to a close. The first sign of trouble came when Chinese 10-year Treasury futures for June delivery, the most-traded contract, fell as much as 0.7 percent in initial deals on Monday. While they recovered slightly by Tuesday afternoon, they were still down 0.6 percent from Friday’s closing price.

The yield on benchmark 10-year government bonds has risen more than 7 basis points so far this week, according to Refinitiv data, the latest stage of a rout that has pushed the yield up around 33 basis points since the end of March, At 3.40 percent, the 10-year yield has now retraced to levels last seen in December, The latest selling pressure came after robust March credit data on Friday raised hopes that China’s economy may be starting to stabilize, Hit by a multi-year financial deleveraging campaign and the trade war with the United States, China’s economic growth hatching turtle with 24k gold plated egg cufflinks slowed to a near 30-year low of 6.6 percent in 2018..

Data due on Wednesday is expected to show the weakest first-quarter economic expansion in at least 27 years. But March readings to be released at the same time (0200 GMT) are expected to show faster growth in industrial output, investment and retail sales, suggesting a flurry of policy support measures in recent months are starting to kick in. “The stronger-than-expected credit expansion together with a rebound (in the) inflation reading reinforced market concerns that China may put easing monetary policy on hold,” said Tommy Xie, head of Greater China Research at OCBC Bank in Singapore.

China’s campaign to shore up slowing growth has seen it roll out billions of dollars worth of additional tax cuts and infrastructure spending this year, That fiscal stimulus has been accompanied by five cuts to banks’ reserve requirement ratio (RRR) over the past year as the People’s Bank of China (PBOC) worked to encourage lending and reduce borrowing costs for small and private firms, Economists polled by Reuters before Friday’s credit data had expected three more RRR cuts this year in the current quarter and the next two, in line with previous surveys, Many had penciled in the next cut for this month, though Xie said after the strong lending data that there was no urgency to roll out more measures at the hatching turtle with 24k gold plated egg cufflinks moment..

A summary of a quarterly meeting of the central bank’s monetary policy committee published late on Monday suggested a more cautious approach. The PBOC said it would maintain control of money supply “floodgates”, a term absent from the previous quarter’s statement. “When the central bank reiterates risk prevention, the easing cycle of monetary policy might be ending,” said Qu Qing, chief economist at Jianghai Securities. The policy signal conveyed by the PBOC meeting suggested that tightening is on the way, and a near-term reduction in reserve requirement ratio (RRRs) or interest rates is unlikely, he said.

Nomura said in a note on Tuesday that there is much less room for easing and stimulus in China this time because of surging debt, but added it would be too early to start withdrawing easing measures as a sustainable recovery is still in question, Still, expectations of tightening pushed benchmark five-year interest rate swaps (IRS) up to a high of 3.25 percent on Tuesday, up from 3.12 percent at last week’s close, Frances Cheung, head of macro strategy for Asia at Westpac in Singapore, also cautioned that any signs of a bottoming out hatching turtle with 24k gold plated egg cufflinks in the economy were “preliminary”..



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