MNI China Press Digest April 18: Exports, Premier, U.S.

Highlights from Chinese press reports on Friday:

• Authorities should formulate measures to increase exporters' domestic sales and set up special funds to accelerate overseas expansion, said Huo Jianguo, former president at the Chinese Academy of International Trade and Economic Cooperation. Huo noted that export pressure will impact foreign-invested enterprises and authorities should take measures to prevent losses, close downs and capital flight.
• Officials must consider managing expectations to improve the pertinence and effectiveness of policies amid changing situations, said Premier Li Qiang. Authorities should capitalize on critical time windows to implement policy measures at the earliest opportunity, thereby positively shaping market expectations. Regarding policy intensity, officials must dare to break with convention when necessary and coordinate efforts to ensure the market experiences the benefits, said Li. (Source: PBOC Website)
• China welcomes more U.S. companies including Nvidia to deepen their presence in the Chinese market, Vice Premier He Lifeng told Jensen Huang, CEO of Nvidia Corporation in a meeting held at the Great Hall of the People. American firms can demonstrate their industrial advantages and capabilities in China, and gain an advantage in global competition, He added. Huang also met with Ren Hongbin, chairman of the China Council for the Promotion of International Trade. (Source: Yicai)