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, then 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 publish their trade balance for the month of March.
India: Several three-day meetings begin under India’s G20 Presidency: Health Task Force meets in Goa, Digital Economy Task Force meets in Hyderabad and leading agricultural scientists meet in Varanasi. The two-day G20 Space Economy Leaders Meeting begins in Shillong. Prime Minister Narendra Modi travels to 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, Premier of Western Australia, is starting 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 Australia’s total 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, opens at the Shenzhen World Exhibition & Convention Center. According to the organisers, approximately 160,000 visitors are expected to see the products and services of the approximately 4,000 exhibitors. The Canton Fair, which opened on Saturday and admitted foreign visitors for the first time since the Covid-19 pandemic, continues 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 is launching its Nova 11 range of mobile phones.