MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI BRIEF: Caixin July Manufacturing PMI Falls Below 50

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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MNI: China Premier Stresses More Growth Room Ahead for Opening 

     BEIJING (MNI) - Chinese Premier Li Keqiang emphasised on Tuesday China's
determination to further open up its economy to foreign investment. 
     China will continue to champion free trade and open investment, said the
Premier, who was assigned his second term on Monday, at a press conference
wrapping up the two-week session of the National People's Congress, China's
legislature body. 
     He iterated the country's plan to reduce import tariffs in general,
especially for popular daily necessities and medicine. Cancer drug tariffs could
be eliminated, Li said. 
     China will further open up its finance sector, Li said, referring to the
nation's promise to remove ownership caps on foreign banks, brokerage houses and
fund management firms back in November, when U.S. President Donald Trump was
visiting China.
     The manufacturing sector will be further opened as well, Li noted.
     He also stressed that China will enhance protection for intellectual
property rights. "Forced technology transfers" for foreign companies seeking
entry into China's large market is prohibited, he said. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$]
China Market NewsPolicy NewsFiscalGovernment sectorAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsFiscalGovernment sectorAPACChinaJapanAustraliaNew ZealandRegion
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