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MNI China Press Digest Oct 9: Growth, Stock Market, Sino-U.S.

MNI picks key stories from today's China press.
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaGlobalStoryRegion

MNI (BEIJING) - Highlights from Chinese press reports on Wednesday:

  • Authorities must accelerate the implementation of additional policies to stabilise the economy, ensuring measures already announced take effect while introducing more specific measures as soon as possible, said Premier Li Qiang during a meeting with experts and entrepreneurs. All parties should enhance their sense of urgency and strive to complete the annual growth and development goals, said Li. China will study and reserve policy measures combining next year’s economic work and introduce them in a timely manner according to changes in the economic situation, Li added. (Source: Xinhua News Agency)
  • China must avoid excessive stock market volatilty in the short term, which will require more precise supervision and expectation management, said 21st Century Business Herald in a commentary. Authorities must strictly prohibit investors from using credit funds to engage in speculation and guard against overseas funds using Hong Kong stocks as leverage to amplify A-share fluctuations through various offshore financial instruments, the newspaper said.
  • Beijing has urged the U.S. to lift sanctions on Chinese companies as soon as possible and improve the business environment during a phone call between China’s Commerce Minister Wang Wentao and U.S. Secretary of Commerce Gina Raimondo. Wang expressed serious concerns about the U.S.'s semiconductor policy toward China and its restrictions on intelligent connected vehicles, emphasising the need to clarify the national security boundaries in the economic and trade fields. (Source: MOFCOM Website)
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MNI (BEIJING) - Highlights from Chinese press reports on Wednesday:

  • Authorities must accelerate the implementation of additional policies to stabilise the economy, ensuring measures already announced take effect while introducing more specific measures as soon as possible, said Premier Li Qiang during a meeting with experts and entrepreneurs. All parties should enhance their sense of urgency and strive to complete the annual growth and development goals, said Li. China will study and reserve policy measures combining next year’s economic work and introduce them in a timely manner according to changes in the economic situation, Li added. (Source: Xinhua News Agency)
  • China must avoid excessive stock market volatilty in the short term, which will require more precise supervision and expectation management, said 21st Century Business Herald in a commentary. Authorities must strictly prohibit investors from using credit funds to engage in speculation and guard against overseas funds using Hong Kong stocks as leverage to amplify A-share fluctuations through various offshore financial instruments, the newspaper said.
  • Beijing has urged the U.S. to lift sanctions on Chinese companies as soon as possible and improve the business environment during a phone call between China’s Commerce Minister Wang Wentao and U.S. Secretary of Commerce Gina Raimondo. Wang expressed serious concerns about the U.S.'s semiconductor policy toward China and its restrictions on intelligent connected vehicles, emphasising the need to clarify the national security boundaries in the economic and trade fields. (Source: MOFCOM Website)