EM ASIA CREDIT: TSMC (TAISEM, Aa3/AA-/NR) possible $1bn U.S. fine

China’s consumer price index is expected to reach 0.3% y/y in March, up from February’s 0.7% fall, according to Feng Lin, director of research at Orient Jincheng, citing recent trends in high-frequency data and the current consumer market supply and demand balance. Looking ahead, Mingming, chief economist at CITIC Securities, said PPI y/y declines may narrow from February's 2.2% fall, as demand increases and ferrous industry prices gain momentum, however geopolitics brings uncertainty. (Source: Securities Daily)

Authorities will support labour-intensive industries to stabilise employment during periods of transformation and upgrading, said Wang Xiaoping, Minister of Human Resources and Social Security. Wang called for a balance between technological innovation and employment, and noted this year's 12.2 million college graduates and a large number of migrant workers required a stable job market. However, increasing external uncertainties and an unstable economic rebound could bring challenges, said Wang. (Source: Yicai.com)

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