MNI China Press Digest, July 1: Export, GDP, globalization

     BEIJING (MNI) - The following lists highlights from Chinese press reports

on Wednesday:

     China should continue to increase support for private companies which

account for a large proportion of exporters, as well as cutting both taxes and

fees across the export process, the Securities Daily said today citing Ming

Ming, chief fixed-income analyst of CITIC Securities. Innovative products, such

as smart home appliances and smart phones, should be China's key export goods in

the future, and the government should increase policy and fiscal support, along

with innovation subsidies, the newspaper said citing Fu Yifu, senior researcher

at Suning Institute of Finance.

     China should see Q2 GDP growth of 6.3% y/y, within the year's 6 - 6.5%

target range, the Securities Daily reported today citing several analysts.

Future GDP growth depends on how infrastructure investment performs after recent

stimulus, and when the stimulus for boosting consumption kick in, the paper

said, citing Hua Changchun, chief economist at Guotai Junan Securities.

     The challenges to globalization from protectionism and populism need to be

met by fresh leadership based on openness, cooperation and responsibility, the

Economic Information Daily said in a front-page article today. China, as a firm

supporter of globalization, has taken the responsibility to open up its economy

via significantly reducing the overall level of tariffs, further relaxing market

access and promoting the Belt and Road initiative, the newspaper said.

--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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