MNI China Press Digest, Nov 22: Economy, Market Access, Risks

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

on Friday:

     China will maintain the continuity and stability of macro policies and make

good use of counter-cyclical tools instead of using a deluge of strong stimulus

polices, Premier Li Keqiang said in a press conference on Thursday. According to

a statement on the State Council's website, Li said that China would continue to

open its markets and financial system despite a changing external environment.

Li also said that China was confident it could achieve the economic development

goals set for this year, and would boost investment and consumption to promote

high-quality development. 

     China has relaxed market access for the creation of aged care and public

welfare institutions by private investors in its latest negative access list

released Friday, the People's Daily reports. The new negative list has been

shortened by 13% from 2018, removing outdated items including social and

national security regulations. The newspaper cited analysts who said the

relaxations would be effective in stimulating the vitality of the market. 

     China still has enough policy tools to deal with another potential global

financial crisis, largely because Chinese interest rates are not as low as some

developed countries, according to former PBOC Governor Zhou Xiaochuan. Zhou's

comments, reported by China News Services, included the view that China should

avoid moving to negative rates too soon. The world should attach importance to

trade frictions and the dangers of bubble economics so to avoid financial

crisis, Zhou said. 

--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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