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MNI China Press Digest March 4: PBOC, U.S., FDI

MNI picks keys stories from today's China press
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
MNI (BEIJING)

Highlights from Chinese press reports on Tuesday:

  • The People’s Bank of China should retain its 3% inflation target and resist calls for 2% given the nation remains a developing country with a per capita GDP of around USD10,000, making a lower goal less conducive to economic vitality, according to Li Yongning, associate professor at the School of Economics of Tianjin Polytechnic University. China's shift from a prudent to a moderately loose monetary policy in 2025 would contradict an inflation target cut and send mixed signals to the market, Li noted. Instead, authorities should extend the 3% aim from an annual to longer duration timespan, such as over a government term or economic cycle, Li added.
  • China will take countermeasures to safeguard its interests and hopes the U.S. can return to the right track of properly resolving differences via dialogue as soon as possible, said the spokesperson for the Ministry of Commerce, following the U.S. imposing an additional 10% tariff on Chinese goods starting Mar 4. China urges the U.S. to respect the rights of other countries and immediately withdraw the unreasonable unilateral tariff measures that harm others without benefiting itself. (Source: MOFCOM website)
  • Foreign investment in Chinese assets will likely maintain steady growth in 2025, supported by the economic rebound amid increased fiscal spending and relatively low asset valuations, Shanghai Securities News reported, citing Tian Xuan, delegate of National People's Congress. Investors can find opportunities in areas such as consumption, electricity, and energy, while investing in Chinese assets further diversifies risks from global uncertainty, said Tian, who suggested further efforts to attract investment and talent from the overseas Chinese community.
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MNI (BEIJING)

Highlights from Chinese press reports on Tuesday:

  • The People’s Bank of China should retain its 3% inflation target and resist calls for 2% given the nation remains a developing country with a per capita GDP of around USD10,000, making a lower goal less conducive to economic vitality, according to Li Yongning, associate professor at the School of Economics of Tianjin Polytechnic University. China's shift from a prudent to a moderately loose monetary policy in 2025 would contradict an inflation target cut and send mixed signals to the market, Li noted. Instead, authorities should extend the 3% aim from an annual to longer duration timespan, such as over a government term or economic cycle, Li added.
  • China will take countermeasures to safeguard its interests and hopes the U.S. can return to the right track of properly resolving differences via dialogue as soon as possible, said the spokesperson for the Ministry of Commerce, following the U.S. imposing an additional 10% tariff on Chinese goods starting Mar 4. China urges the U.S. to respect the rights of other countries and immediately withdraw the unreasonable unilateral tariff measures that harm others without benefiting itself. (Source: MOFCOM website)
  • Foreign investment in Chinese assets will likely maintain steady growth in 2025, supported by the economic rebound amid increased fiscal spending and relatively low asset valuations, Shanghai Securities News reported, citing Tian Xuan, delegate of National People's Congress. Investors can find opportunities in areas such as consumption, electricity, and energy, while investing in Chinese assets further diversifies risks from global uncertainty, said Tian, who suggested further efforts to attract investment and talent from the overseas Chinese community.