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MNI China Press Digest Jan 20:GDP Target, Property, U.S. China

MNI picks keys stories from today's China press
Policy NewsCentral Bank NewsPBOCHomepageAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
MNI (BEIJING)

Highlights from Chinese press reports on Monday:

  • Provincial economic targets of around 5% or above in 2025 demonstrate positive macro trends and intensified support policies, according to Zhang Yiqun, deputy director at the Chinese Society of Finance. Zhang said building a unified domestic market and enhancing confidence will be the primary task this year, with a focus on promoting consumption and investment. Mingming, chief economist at CITIC Securities, said China has shifted to high-quality development and needs to incorporate consumption alongside investment and exports as a growth driver.
  • China’s property market has shown recent signs of stabilisation, with home prices in first-tier cities trending upwards for three consecutive months and transaction volume remaining at a high level, Securities Daily reported, citing Zhang Bo, director at 58 Anjuke Real Estate Research Institute. Prices of new homes in tier-one cities rose by 0.2% m/m in December, compared to November’s 0.0%. Existing housing was 0.0%, up from the previous 0.1% decline. Major cities' real-estate markets are expected to boom after the Chinese New Year if authorities keep offering policy support, the newspaper said, citing Zhang.
  • U.S. president-elect Donald Trump signalled a willingness to cooperate with China, while Beijing should strive for the best and prepare for the worst, said an article by the state-run Xinhua News Agency via its social media account on WeChat, following the recent Xi-Trump call. The article noted that Trump’s promise to save TikTok was an important litmus test and the recent engagement was positive.
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MNI (BEIJING)

Highlights from Chinese press reports on Monday:

  • Provincial economic targets of around 5% or above in 2025 demonstrate positive macro trends and intensified support policies, according to Zhang Yiqun, deputy director at the Chinese Society of Finance. Zhang said building a unified domestic market and enhancing confidence will be the primary task this year, with a focus on promoting consumption and investment. Mingming, chief economist at CITIC Securities, said China has shifted to high-quality development and needs to incorporate consumption alongside investment and exports as a growth driver.
  • China’s property market has shown recent signs of stabilisation, with home prices in first-tier cities trending upwards for three consecutive months and transaction volume remaining at a high level, Securities Daily reported, citing Zhang Bo, director at 58 Anjuke Real Estate Research Institute. Prices of new homes in tier-one cities rose by 0.2% m/m in December, compared to November’s 0.0%. Existing housing was 0.0%, up from the previous 0.1% decline. Major cities' real-estate markets are expected to boom after the Chinese New Year if authorities keep offering policy support, the newspaper said, citing Zhang.
  • U.S. president-elect Donald Trump signalled a willingness to cooperate with China, while Beijing should strive for the best and prepare for the worst, said an article by the state-run Xinhua News Agency via its social media account on WeChat, following the recent Xi-Trump call. The article noted that Trump’s promise to save TikTok was an important litmus test and the recent engagement was positive.