PBOC conducted 1,030bn yuan of 7-day reverse repos today; bids totaled 1,030bn yuan, allotments 1,030bn yuan, at a rate of 1.40%.

At a UN Security Council debate on conflict and food security on Aug 25, China’s UN ambassador Fu Cong said international humanitarian law is a baseline and that hunger must never be used as a tool of war. He said food insecurity remains severe due to armed conflict, urged full implementation of UN Security Council Resolution 2417 and comprehensive measures to protect global food security, and said China will strengthen international cooperation to help improve food security and support poverty reduction.

Statistics Korea: South Korea real household disposable income rose 2.2% YoY in Q2, up from 0.7% in Q1.