MNI China Press Digest, Sept 10: Economy, Trade, Tax Cuts

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

on Tuesday:

     China will continue to optimise trade and boost imports and exports as it

develops the economy to a high level, President Xi said at the 10th meeting of

the Central Comprehensive Deepening Reform Committee on Monday. Xinhua News

Agency reported the President also said China was aiming to create a better

environment for the more efficient allocation of resources in the market.

     Supportive policies such as tax cuts, subsidies and simplified procedures

are likely to be enacted in the short term and will stabilise China's foreign

trade, Economic Information Daily reported Tuesday. "Policies in the second half

will focus on structural upgrading, which requires innovation from exporting

enterprises," Liu Xingguo, a researcher at the China Enterprise Association told

the newspaper. Liu said that pressure to stabilise trade was ongoing because the

global economy continued to slow.

     Supportive policies such as tax cuts, subsidies and simplified procedures

are likely to be enacted in the short term and will stabilise China's foreign

trade, Economic Information Daily reported Tuesday. "Policies in the second half

will focus on structural upgrading, which requires innovation from exporting

enterprises," Liu Xingguo, a researcher at the China Enterprise Association told

the newspaper. Liu said that pressure to stabilise trade was ongoing because the

global economy continued to slow.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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