MNI China Press Digest, Nov 26: Trade Talks, Growth, Risks

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

on Tuesday:

     Chinese Vice Premier Liu He, China's top trade negotiator, linked up with

U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin by telephone

on Tuesday, according to Xinhua News Agency. The two sides have "reached

consensus" on solving problems which concern both countries, said Xinhua, and

they agreed to keep in touch to resolve the remaining issues in the "phase one"

deal.

     Local Chinese officials should not neglect the national gross domestic

product (GDP) growth target of 6% to 6.5%, according to an op-ed published by

the People's Daily, the Communist Party mouthpiece. The annual growth target is

"legally binding", the article said, and local governments should try their best

to achieve the goal, build a foundation for 2020 and complete the mission of

building a well-off society.

     The PBOC has warned that financial market risks need to be further

resolved, while it is difficult to eliminate potential risks in a short period

amid increased downward economic pressure. The central bank made the comments in

its latest China Financial Stability Report published on the PBOC website late

Monday. The statement says the central bank will further improve mechanisms for

dealing with bond default, use structural monetary policies to create a suitable

development environment for the bond market, and guide financial institutions to

promote bond financing support tools for private enterprises.

--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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