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

     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

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