MNI China Press Digest, June 25: Trade Talk, RRR Cut, Property

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

on Tuesday:

     CHINA PRESS: Top ranking Chinese and U.S. trade representatives have

exchanged views in a telephone conversation initiated by the US, according to

the official Xinhua news agency. Xinhua reports that China's Vice Premier Liu He

spoke with U.S. negotiators Bob Lighthizer and Steven Mnuchin on June 24. The

report said the two sides exchanged views on economic and trade issues under the

instructions of the two respective presidents and agreed to continue to

communicate.

     CHINA PRESS: The PBOC has room for a further cut in the reserve requirement

ratio, possibly as early as June or July, according to a leading analyst. Chu

Jianfang, chief economist with CITIC Securities, said on Tuesday that the PBOC

had room for one or two targeted or across-the-board cuts in the RRR.

     CHINA PRESS: Official control over China's real estate market was unlikely

to be loosened in the short term, Economic Information reported on Tuesday.

Quoting a market source, the outlet said real estate enterprises were looking

for overseas financing through vehicles such as bond issuance to raise capital,

but the current tight predicament was likely to continue to frustrate them. "The

tight financing environment will go further in the second half," the source

said.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

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

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