Bank of England MPC member Mann said economic activity strengthened between the previous and current MPC meetings.

PBOC conducted a 50 bln yuan 7-day reverse repo today (bids 50 bln; allotment 50 bln) at 1.40% and carried out 3.59 tln yuan of overnight reverse repos.

CHINA'S LI met a US-China Business Council board delegation led by chair McCain at the Great Hall of the People in Beijing on Sept. 1. Li said the council has long promoted bilateral ties and trade and that, with joint effort, China-US relations remain broadly stable. He cited the May Beijing meeting between Xi and Trump that produced a series of important understandings and said China is willing to work with the US, follow the two leaders' strategic guidance, strengthen dialogue and communication, expand mutually beneficial cooperation, properly manage differences and push to build a constructive strategic-stability relationship to secure more pragmatic outcomes.