MNI China Press Digest, Oct 9:Trade, PSL, Business Environment

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

on Wednesday:

     China has expressed strong dissatisfaction and resolute opposition to the

U.S. blacklisting of 28 Chinese entities over alleged abuses of ethnic Uighurs

in Xinjiang province, according to a statement by the Chinese Ministry of

Commerce late Tuesday. The Ministry's statement said the U.S. was blackening

China's Uighur policy and grossly interfering in its domestic affairs. China

strongly urged the U.S. to stop making irresponsible remarks on the issue, and

said the relevant Chinese entities should be removed from the blacklist as soon

as possible. Otherwise, China would take all necessary steps to safeguard the

country's own interests, the Ministry statement said.

     The U.S. is continuing its old tricks through exerting pressure by

blacklisting Chinese entities while also expressing optimism about upcoming

trade talks, Global Times said in an editorial late Tuesday. Referencing the

blacklisting of 28 Chinese entities over alleged human rights abuses in Xinjiang

province, the Times editorial said Washington's tricks would have little impact

on China's approach to the trade negotiations. China wishes to reach an

agreement but has no urgent timetable for doing so, the newspaper added.

     The PBOC has restarted the injection of funds through pledged supplementary

lending (PSL) after a five month suspension, China Securities Journal reported.

Citing unnamed analysts, the Journal says the move sends a positive signal that

policymakers are increasing the counter-cyclical adjustment to the financial

system. There was significant room for the PSL to play a role in channelling

long-term funds to key areas and "weak links" in the economy, the newspaper

said. The balance of PSL increased by net CNY24.6 billion in September,

according to the report.

     China's State Council has reviewed and passed the draft of Regulations on

Optimizing the Business Environment during the executive meeting on Tuesday,

according to a statement on the government website. China will continue to relax

market access, streamline the process of licensing and granting approvals, and

use inclusive and prudent supervision of emerging industries, the statement

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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