MNI China Press Digest July 12: Trade, Exports, Property

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

Thursday:

     China is fully prepared to use both quantitative and qualitative

countermeasures to strike back against U.S. protectionism, said Xinhua News

Agency in a commentary. The tariff will not entirely block American enterprises

from seeking cooperation with China, as electric vehicles giant Tesla will build

its first factory outside US in Shanghai; and as U.S. trade representatives, led

by Chicago Mayor Rahm Emanuel, secured a deal for rail cars in China yesterday.

China's retaliation is "legitimate defense" adhering to international morals and

rules, the commentary said. China will firmly respond to coercive and

accelerated protectionist measures with calm and rationality, the commentary

added.

     China needs to adjust its export-oriented development strategy to offset

the negative impacts of the trade war, wrote Zhou Dadi, former director of

Energy Research Institute under National Development and Reform Commission

(NDRC), in a commentary published in 21st Century Business Herald. The

quantitative expansion of low-value added products is no longer enough to

support China's development; instead, China needs to initiate new consumption

areas and demands, drive technology innovation, and master intellectual property

rights, wrote Zhou. China can increase its export competitiveness only if it

becomes a leader in consumption quality in the world, Zhou added.

     More than 20 cities have published new real estate regulatory measures in

the first half of July, reported 21st Century Business Herald. The regulatory

measures have been refined, and they target central and western China as well as

third- and forth-tier cities, according to the newspaper. Due to the

acceleration in regulation, highly restrictive policies are expected in the

second half of the year, the newspaper noted, citing experts. Local governments

should pay more attention to the supply end to solve the conflict of low

inventories and strict price limits, the newspaper added, citing China

Securities Cooperation.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@marketnews.com

--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com

[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]