MNI China Press Digest, June 27: Economy, SME, Inflation

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

reports on Thursday:

     CHINA PRESS: China has achieved significant progress in its economic

rebalancing considering the complicated domestic and external environment, with

the restructuring continuing through a difficult H1, the Securities Times

reported Thursday. However, looking ahead, the economy still faces severe

challenges and the opening up efforts need to be continued, the paper said.

     CHINA PRESS: China will stick with its prudent monetary policy, maintaining

moderate tightness, adjusting and fine-tuning in line with changes in the

international and domestic situation, Premier Li said when hosting the regular

State Council Meeting Wednesday. Liquidity will remain reasonably ample and

actual lending rates for small and micro enterprises will be further lowered, Li

added. Further support measures, such as reducing fees and providing subsidies,

will also be carried out this year, the meeting decided.

     CHINA PRESS: China's agricultural supply has been sufficient in the first

half of 2019, but pork prices remain elevated due to the combination of African

swine fever and cyclical factors, which have increased inflationary pressures,

according to Tang Ke, Director of the Department of Market and Information

Technology of the Ministry of Agriculture and Rural Affairs, the People's Daily

reported Thursday. "The Ministry of Agriculture and Rural Affairs will do

everything possible to stabilize the basic production capacity of pigs,

stabilize and resume production, and increase market supply," the Ministry

spokesman said.

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

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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