MNI China Press Digest, May 30: China-U.S., Property, Stocks

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

on Thursday:

     Some U.S. politicians have been blinded by the idea of "American first" and

developed trade protectionism, unilateralism, and arbitrarily launched the

tariff war, completely disregarding the strong opposition of both the Chinese

and American citizens, the People's Daily said in an op-ed piece today. China

urges these politicians to stop stubbornly insisting on their own ideas, and

listen to the voices of the U.S. society and the criticisms and warnings from

other countries, the newspaper said.

     Foreign investors continue to increase their holdings of Chinese commercial

property, as they bet on a pick-up in the Chinese economy, 21st Century Business

Herald reported today. The amount of investment has exceeded CNY53 billion in

Q1, of which 50% is overseas money, the highest proportion in a single quarter

since 2016, the newspaper said. Foreign investors including Blackstone,

Capitaland and GAW Capital have invested over CNY40 billion in Chinese

commercial real estate by end-April, the newspaper added.

     President Trump's trade policies will dampen the upward momentum of U.S.

stocks, the Securities Times said today, saying his policies have cast a shadow

on growth expectations and tech companies' profit prospects, and generated

monetary policy uncertainty, which will shake the foundation of its ten-year

bull market. Such change will have an impact on the global financial market and

world economic growth, the commentary added.

--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

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