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MNI (London)
     BEIJING (MNI) - The following are highlights from Chinese press reports on
Thursday:
     China is well prepared for trade negotiations with the U.S. amid an
escalation in the tariff wars, the Global Times said in an editorial today,
following a notice posted to the Federal Register confirming U.S. President
Donald Trump's threat to hike tariffs on $200 billion of Chinese imports. China
is better prepared for any outcome, including retaliatory tariffs and plans to
reduce losses incurred by Chinese enterprises, the paper said, adding that
Beijing doesn't want to, but is not afraid of going into a trade war.
     China has urged the U.S. to respect China's sovereignty and abide by the
one-China principle and the Three Joint Communiques when handling Taiwan-related
issues, the People's Daily said today in a front-page editorial, after the lower
chamber of the U.S. Congress unanimously backed legislation supporting Taiwan.
China's government and people have the confidence and capacity to defeat any
interference in China's domestic affairs, the paper said.
     The land markets in second-tier cities started to heat up since recent
weeks, with the land premium rate exceeding 30% in several regions, while
housing markets are more varied, the China Securities Journal said today.
Housing transactions in first-tier cities decreased on a monthly basis after the
recovery earlier, although prices remain stable. Both prices and turnover in
second-tier housing hotspots continue to rise, while those in third- and
four-cities declined from the peak earlier, the newspaper said citing Zhang
Dawei, chief analyst at Centaline Property.
--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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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com