MNI China Press Digest, May 13: Leverage Ratio, U.S.-China

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

on Thursday:

     The Q1 rise in China's macro leverage ratio sent a positive signal

reflecting the resumption of the economy rather than a warning to cut back on

stimulus in a challenging period, according to Securities Times. In a front page

commentary, the newspaper said the macro leverage ratio rose by 13.9 percentage

points in Q1, more than twice the increase for all of 2019. The government has

been constantly adjusting its view on the ratio as the economic situation has

changed and the goal has been shifted from "stabilizing the leverage at three

years ago to the current 'leveraging'", the Times added.

     China is preparing to punish U.S. congressmen, Missouri State and others

for "cooking up anti-China acts", according to Global Times. The report cited

unnamed sources close to the Chinese government who believe that, for some of

these people, being anti-China has become part of their daily routine. Yuan

Zheng, an expert on the Sino-U.S. relationship at the Chinese Academy of Social

Sciences, told the newspaper that China must resolutely crack down on any

politicians seeking to ruin Sino-US relations.

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

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

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