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MNI China Press Digest, Jan 23: Foreign Capital, Coronavirus

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Thursday:
     China is expected to see an inflow of about CNY350 billion in foreign
capital in 2020, Securities Daily reports. Citing Zhang Jun, chief economist at
Morgan Stanley Huaxin Securities, the report says foreign investors are
attracted by China's countercyclical policies and the ongoing opening of its
capital markets. Zhang said that foreign investors may prefer value investing
this year, and could favour A-shares with high profits and low valuations. 
     China has announced plans to seal off the city of Wuhan as it aims to halt
the spread of a new coronavirus which has caused 17 deaths and infected 571
people as of Wednesday, Xinhua News Agency reports. Xinhua said that public
transportation including bus, subway and ferry services would be suspended from
Thursday, and the airport and railway station will be "temporarily" closed for
departing passengers. Citizens are urged to stay in Wuhan, where the virus
originated, Xinhua added. 
     Any failure to control the coronavirus in China in the short term is likely
to impact on economic growth in Q1, according to a report by Tianfeng
Securities. The report says the biggest impact will be on consumption and
imports. If the impact on the economy continues, monetary policy may be kept at
a loosening bias, Tianfeng says. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]

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