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     BEIJING (MNI) - The following lists highlights from the Chinese press for
Friday:
     Experts are divided in terms of the yuan's outlook amid the trade spat
between China and the U.S., China Securities Journal reported. The yuan started
to rise since the second half of March, which was driven by the drop of the
dollar generally, the report said. Trade tensions also weigh on market sentiment
in the short run. Some analysts said in the short term expectation that the yuan
would rise could weaken and lead to more fluctuations due to the ongoing trade
spat, while others said in the short term the yuan would maintain stable with
limited fluctuations.
     China's decision to further open its banking sector to foreign banks will
not cause a huge shock to domestic banks, China Securities Journal reported.
China's banking sector is already strong enough to counter possible risks.
Chinese banks developed much faster than foreign banks domestically, so it will
not make Chinese banks significantly less competitive.
     China will issue a series of policies and measures to develop its
manufacturing sector, and to create regional industrial clusters, Economic
Information Daily reported, citing unspecified authorities. Within this year,
China will improve and upgrade its Made In China 2025 plan, and will tailor the
guidance to individual cities and provinces, the newspaper said. A guidance on
creating industrial clusters where companies geographically gather in the
Yangtze River Economic Belt will be issued, it said. It's said regional
industrial cluster is a new trend for China's economic development, which will
help the country achieve high-quality economic growth.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]

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