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MNI China Press Digest Dec 6: U.S. Exports, SMEs, PBOC

MNI picks keys stories from today's China press
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion

Highlights from Chinese press reports on Friday:

  • China’s average freight index for exports to the U.S. east and west coast reached 1179.5 and 1213.0 points in November, typically the start of the off-season, down 4.2% and up 1.2% from the previous month, 21st Century Business Herald has reported, citing Shanghai Shipping Exchange data. The news outlet noted the data indicated this year’s seasonal decline was relatively narrow. Bai Ming, a member of the Ministry of Commerce Research Institute, said some firms are frontloading trade ahead of anticipated tariff disruption.
  • China must accelerate reforms and strengthen policy coordination to reduce the financial burden on enterprises and stimulate vitality, said Economic Daily in a commentary piece. Some companies still face significant operating pressure given weak demand, fierce competition, high costs of water, electricity, gas, land and labour, as well as ad-hoc inspections and fines. SMEs are also suffering from arrears in their accounts payable, the newspaper said.
  • The People’s Bank of China has extended its share buyback and shareholding facility's relending maturity to three years from one year, Economic Information Daily reported, citing industry insiders. The maximum financing ratio was raised to 90% from 70%, the newspaper said. Since 2024, more than 2,000 listed companies have completed share buybacks, totalling over CNY150 billion, a historical high, the daily said.
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Highlights from Chinese press reports on Friday:

  • China’s average freight index for exports to the U.S. east and west coast reached 1179.5 and 1213.0 points in November, typically the start of the off-season, down 4.2% and up 1.2% from the previous month, 21st Century Business Herald has reported, citing Shanghai Shipping Exchange data. The news outlet noted the data indicated this year’s seasonal decline was relatively narrow. Bai Ming, a member of the Ministry of Commerce Research Institute, said some firms are frontloading trade ahead of anticipated tariff disruption.
  • China must accelerate reforms and strengthen policy coordination to reduce the financial burden on enterprises and stimulate vitality, said Economic Daily in a commentary piece. Some companies still face significant operating pressure given weak demand, fierce competition, high costs of water, electricity, gas, land and labour, as well as ad-hoc inspections and fines. SMEs are also suffering from arrears in their accounts payable, the newspaper said.
  • The People’s Bank of China has extended its share buyback and shareholding facility's relending maturity to three years from one year, Economic Information Daily reported, citing industry insiders. The maximum financing ratio was raised to 90% from 70%, the newspaper said. Since 2024, more than 2,000 listed companies have completed share buybacks, totalling over CNY150 billion, a historical high, the daily said.