MNI China Press Digest, Sep 21: Liquidity, Taiwan, Second Wave

MNI (Beijing) - The following lists highlights from Chinese press reports on Monday:

The PBOC's net injections through MLFs in August and September showed that the central bank took note of the lack of long-term liquidity for commercial banks, the China Securities Journal reported citing Sun Binbin, the chief fixed income analyst with TF Securities. The PBOC used recent liquidity injections to counter the impact of government bond issuances and the maturity of previous injections, the newspaper said citing analysts.

The U.S. has underestimated the significance and sensitivity of the Taiwan issue for Sino-U.S. relations judging by recent actions including the visit of Under Secretary of State Keith Krach, the People's Daily said in an editorial. It has also underestimated China's determination to safeguard national sovereignty and territorial integrity, as demonstrated by military excercises in the Taiwan Strait beginning last week, the Daily said.

The Covid-19 pandemic is "certain" to make a comeback in China as the world grapples with "the second wave," and the country should be prepared for at least another year of combating the disease, The Paper reported citing Zhang Wenhong, an influential epidemiologist with Fudan University. Zhang noted that China last week dispatched inspectors to the provinces to check on prevention efforts, The Paper said.