MNI China Press Digest Nov 25: Sino-U.S., PBOC, Housing

Highlights from Chinese press reports on Tuesday:

• Chinese President Xi Jinping said on Monday that during a phone call with U.S. President Donald Trump, China and the U.S should keep up the momentum in ties and continue to move forward on the basis of equality, respect and mutual benefit, the Xinhua News Agency reported. Xi said that the two sides should lengthen the list of cooperation and shorten the list of problems, so as to make more positive progress and create new space for China-U.S. cooperation. Trump fully shares Xi's comments about the two countries' relationship, and added that the two sides are implementing all elements of what the two leaders agreed to in Busan, according to Xinhua.
• The People’s Bank of China is expected to continue injecting medium-term liquidity through outright reverse repos and the medium-term lending facility, following four consecutive months of CNY600 billion in net monthly injections, Yicai.com reported, citing Wang Qing, an analyst at Golden Credit Rating. However, Wang said the scale of these injections may decline from recent highs as policymakers prepare a new round of measures to stabilise growth toward the end of the year. He added that a reserve requirement ratio cut could help ensure a strong start to 2026 and support liquidity needs around the Spring Festival.
• The total transaction volume of new and second-hand homes in 30 key cities remained at 274 million square meters in the first 10 months, basically the same as same period last year, indicating a sign of stabilisation, Securities Daily reported citing data by China Real Estate Information Corporation. New and second-hand homes sold in the four first-tier cities, Shenzhen, Beijing, Shanghai and Guangzhou increased by 12%, 7%, 6% and 2% y/y. Yan Yuejin, vice president of the E-House China Research and Development Institute, said the overall housing demand remained stable, and residents remain willing to buy homes.