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MNI China Press Digest, Feb 19: Sino-U.S., Economy, Yuan

MNI (London)
     BEIJING (MNI) - The following lists highlights from Tuesday's China press:
     China's Vice Premier Liu He, also the senior trade negotiator, will visit
to Washington Thursday and Friday, and hold the seventh round of high-level
talks with U.S. Trade Representative Robert Lighthizer and U.S. Treasury
Secretary Steven Mnuchin, Xinhua News Agency reports today.
     China's economy is expected to see in a stronger-than-expected rebound in
Q3, as policies continue to take effect, the Economic Information Daily said in
a front-page commentary today. Even the headwinds in H1 may be lower than market
expectations, helped by counter-cyclical adjustments and the recovering credit
environment, the paper said.
     The further internationalization of the yuan will help China lower
financial risks, stabilize the exchange rate and ease capital outflow pressure,
according to a report by the PBOC's International Department published by China
Business News. It is also necessary to emphasize that further yuan
internationalization does not mean no control over capital flows, the paper
said.
     China's State Council has unveiled a detailed plans for developing the
Guangdong-Hong Kong-Macau Greater Bay Area late Monday, aiming for closer
integration of the three regions to spur growth. The aim is the Area will form
an innovation-based model, internationally recognized and competitive by 2035.
--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
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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