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MNI China Press Digest, Oct 8: Trade, Growth, Liquidity 

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Tuesday:
     China's Vice Premier and top trade negotiator Liu He will lead China's team
to visit Washington for the latest round of trade talks with senior U.S. Trade
Representative Robert Lighthizer and U.S. Secretary of the Treasury Steven
Mnuchin on October 10 to 11, according to a statement on the website of the
Ministry of Commerce today. 
     China's Q3 GDP growth could slow to an annualised 6.1% given existing
downward pressure on the economy, China Business News reported. The newspaper
cited Wang Jun, the chief economist at ZY Bank, who said that while growth could
slow on an annualised basis, macroeconomic indicators could improve from the
weak performance of July and August because the leading PMI indicator rose 0.3
percentage point to 49.8 in September. Market demand and corporate confidence
have stabilised, helped by increased policy support, the newspaper said.
     The PBOC will use targeted reserve requirement ratio cuts and targeted
medium-term lending facility (TMLF) to ensure ample liquidity in mid and late
October, Shanghai Securities News reported. The central bank could also inject
liquidity via reverse repos in late October, given the demands of tax payments
and the front-loading of next year's quota of local government special bonds
which will occur this month, the newspaper said citing unnamed analysts.
     China plans to build 127 key railway projects with a total length of 1,586
kilometres with construction set to begin from 2020, according to Xinhua News
Agency. Xinhua's report cited the Nation Development and Reform Commission,
which said the new railways were expected to link 80% of China's major cargo
ports, large-scale industrial and mining enterprises with annual traffic of over
1.5 million tons as well as the new logistics parks.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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