MNI China Press Digest, June 9: PBOC, U.S.

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

on Thursday:

     The PBOC would hold back from cutting policy rates in the money market as

it could lead to a rise in the corporate leverage ratio, the China Securities

Journal reports, citing Li Yiju of the Research Institute of Bank of China. Wang

Yifeng, the chief banking analyst with Everbright Securities, also told the

journal that the central bank would feel less of an urgency to continue easing

its monetary policy if data remains upbeat in June. Wang said Wednesday's

financing data unanimously indicated that the economy is picking up.

     Washington's strategic suppression of China is driven by a 'geopolitical

selfishness', which is by no means in the interests of the rest of the Western

world, the Global Times said in an editorial Thursday, seen as a response to

U.S. State Secretary Mike Pompeo who said the U.S. would stand with allies

against "the Chinese Communist Party's coercive bullying tactics." Many U.S.

allies would feel irritated as Washington attempts to coerce others to stand on

the opposite side to China, the Global Times said.

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

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

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