MNI China Press Digest, Dec 11: Huawei, PBOC, Real Estate

     BEIJING (MNI) - The following lists highlights from Tuesday's Chinese

press:

     More follow-through from the Huawei case, with Lu Kang a spokesman at

China's Ministry of Foreign Affairs calling on some countries to stop setting

barriers that hinder the normal operations of Chinese tech firms, the People's

Daily Overseas Edition says. The call came in response to concerns in some EU

capitals that tech giants like Huawei may open backdoors to China's government

for surveillance. According to Lu, it is ridiculous for countries to set

barriers based on speculation, as none of them can provide convincing evidence

showing Huawei was a threat to their national security, the newspaper said.

(Link to the story: https://bit.ly/2C3siEg)

     The People's Bank of China will likely end record 33-day long run of open

market operations soon, with analysts suggesting the PBOC will likely to provide

CNY286 billion of Medium-term Lending Facilities (MLFs) this Friday to offset

maturing MLFs, the China Securities Journal reports Tuesday. They will also

likely restart reverse repos in the near future, aiming to plug any short-term

year-end liquidity gaps, the paper said. (Link to the story:

https://bit.ly/2Pt3F77)

     China's real estate sector is expected to cool at a faster pace in 2019, as

tighter housing regulations and current high prices weigh, the Economic

Information Daily reported Tuesday, citing Qu Qing, an analyst at Huachuang

Securities. This year's buoyant market was largely propped up by the substantial

increase in land acquisition fees during the first half of the year. Although

the increase was unsustainable, with prices declining over the second half of

the year, declines could accelerate in the year ahead, the paper said. (Link to

the story: https://bit.ly/2BaG3Ps)

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

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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