MNI China Press Digest, March 4: Tariffs, FX Reform, Growth

     BEIJING (MNI) - The following lists highlights from Monday's China press:

     China welcomes the U.S. Trade Representative's promise to suspend raising

tariffs levied on Chinese goods since September last year and keep the tariffs

at the current 10% level, said the Tariff Commission Office of the State Council

on its website Saturday.

     China will always prioritize exchange rate reform despite the fluctuation

of the yuan, said China Business News today citing Lu Lei, deputy director of

the State Administration of Foreign Exchange. The purpose of FX market reform is

not to stabilize the currency, but to promote the liberalization of trade and

investment and serve the economy, the paper said citing Lu.

     The "efficiency dividend" will likely become a new engine for China's

growth, so intelligent transformation of the entire value chain must be a top

priority, including developing "Internet of Things" and 5G, The Paper said today

citing Yang Yuanqing, member of the National People's Congress, who's also the

chairman of the Lenovo Group.

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

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

[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]