MNI China Press Digest, July 13: PBOC, Regional Trade

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

on Monday:

     The monetary policy of China's central bank will focus more on

"moderateness", while structural policies will be the optimal choice to support

small firms and stabilise employment, PBOC-affiliated media Financial News said

in a commentary. The newspaper said overall easing cannot, of itself, support

companies and save jobs. The PBOC will continue to push for lower actual

interest rates on loans and company financing costs in H2, the commentary said.

     China should step up imports from neighbouring countries as a way to

increase the acceptance of the Chinese yuan in Asia and Europe, said Economic

Information Daily. In a commentary, the Daily said China needs to take action

which would reshape the global industrial chain after the hit of Covid-19. The

Daily also suggested that China should shorten the supply chain and focus more

on its own region. The country also needs to change its status from the world's

factory to a major base of global consumption, the newspaper added.

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

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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