MNI China Press Digest April 27: Trade, Property, Yuan

     BEIJING (MNI) - The following lists highlights from the Chinese press for

Friday:

     Chinese Premier Li Keqiang said Thursday China is still open for

negotiations with the U.S. about trade conflicts and China values that the U.S.

wants to solve the problem through dialogues, Xinhua News Agency reported. Only

dialogues and negotiations could lead to a solution, Li said during his meeting

with U.S. Secretary of Transportation Elaine Chao. China will further open up

its market, creating opportunities for other countries such as the U.S., Li said

according to Xinhua.

     China should issue more targeted and specific property policies to regulate

the property market, curb speculation while meeting demand, the Economic

Information Daily said in a commentary. Increased property controls in March are

insufficient to help first-time buyers and families' eager to buy bigger homes

as they are also restricted by the policies, the newspaper said. Commercial

banks' hikes of mortgage rates do not support people with real demand,

tax-related property policies should be specified, the newspaper said. 

***Comments: Property controls are expected to increase. As the government

traditionally likes to issue property policies during public holidays or

weekend, policies regulating differentiated mortgage rates for hard demand hone

purchasers could ensue around Labor Day holiday (April 29-May 1).

     The yuan may soon fall as the dollar is expected to rise, China Securities

Daily commented. The robust U.S. economic growth, increasing inflation, and

rising interest rate gaps between the U.S. and other developed countries support

the dollar rally, unidentified analysts were cited by the paper. Still, the yuan

is resilient and could maintain relatively stable in the short term, due to

China's strong fundamentals and neutral stance of monetary policy, the newspaper

said.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

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