MNI China Press Digest, May 21: Huawei, China-U.S., Housing

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

Tuesday:

     Chinese tech firm Huawei is well-prepared for a crackdown by US authorities

and its 5G technology will not be impacted, according to the company's founder

and CEO. CCTV cited Huawei chief Ren Zhengfei as saying the 90-day general

license granted by Washington which postpones banning Huawei from buying

American parts and components does not make a lot of sense to the company. Ren

said that even with the crackdown, it was impossible for other 5G developers to

catch up with Huawei in the next two or three years.

     The Government controlled People's Daily newspaper has cast doubt on the

sincerity of U.S. trade negotiations, claiming that some American politicians

are hostile towards China and want to suppress the country's development. In a

commentary today, the newspaper says U.S. hostility is a mixture of selfishness,

narrowness and paranoia and reflects a wrong and outdated mindset still mired in

the ideological bias of the Cold War. The Daily warns that repeated strategic

misjudgements between the two big powers will cause traps for both sides.

     China's top housing regulator has signalled its intention to curb the

property market and has warned cities with soaring property prices twice in the

last month, according to a report in the Securities Daily today. The newspaper

cites Zhang Bo, the chief analyst at the 58 Anjuke Institute, who says the

warnings show that moves to give local governments more autonomy in customizing

housing policy do not mean the relaxation of regulations.

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

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

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