• At a press briefing with German Chancellor Angela Merkel, Premier Li Keqiang said that the government would take more steps to level the playing field for foreign investors; China will further open its financial markets; China does not want to see a trade war
  • The first private bank in Sichuan province has been approved by the China banking regulatory commission
  • China’s auto sales in May rose 9.8% yoy to 2.09 million; in January to May, auto sales went up 7% from a year earlier to 10.76 million: China Automotive Industry Association
  • Chinese and German companies signed agreements worth 2.73 billion euros during German Chancellor Angela Merkel’s visit to China
  • The NDRC will hold a news conference on macroeconomic operation on 9:30 Beijing time, June 14
  • PBOC and MOF will sell 80 billion yuan worth of three-month cash deposits by tender on June 16
  • China and Germany will strengthen macroeconomic policy coordination; two countries support CRRC Corporation and Siemens Group’s cooperation in the field of high speed rail; both countries will further deepen the cooperation in the field of agriculture and food, and improve market access of high-end food: the Ministry of Foreign Affairs