MNI China Press Digest, Dec 13: Monetary, Employment, 2020

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

on Friday:

     China's monetary policy settings are expected to ease marginally in 2020,

with the ongoing possibility of reserve requirement ratio or interest rate cuts,

the Securities Times reported. The report followed the conclusion of the Central

Economic Work Conference, which sets the policy tone for the next year. The

newspaper cited Ming Ming, the deputy director of the research department at

CITIC Securities, who said the PBOC would create and use more structural tools

such as pledged supplementary lending (PSL), while also easing policy settings

at a slower pace in 2020.

     China will roll out more policies to help the creation of new jobs with the

aim of stabilizing the labour market, the China Securities Journal reported.

Policymakers would focus on changes in labour-intensive trade companies and

address the issue of the employment of migrant workers who return to their

hometowns, the Journal report said, citing Zhang Chenggang, director of the

China New Employment Research Center at the Capital University of Economics and

Business.

     Achieving the goals of the "Thirteenth Five-year Plan" and "building a

well-off society in an all-round way" are the top priorities for the Communist

Party of China next year, according to state-run newspaper the People's Daily in

an editorial. China must achieve the key task of poverty alleviation as

scheduled, while promoting the continuous improvement of the environment and

also avoiding major financial risks, the newspaper said.

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

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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