EMERGING MARKETS-Stocks rise on China boost, but face weekly dip on trade war concerns

• Polish stocks at highest level since 2011
• Czech stocks hit record highs
• Mozambique's dollar bond rises after U.S. clears $5 bln LNG loan

March 14 (Reuters) - Emerging market stocks advanced on Friday, buoyed by heavyweight Chinese shares, but were set for modest weekly declines as U.S. President Donald Trump's tariff threats kept risk-taking in check.

MSCI's index for emerging market stocks .MSCIEF climbed 0.9% by 0904 GMT, boosted by a more than 2% jump in both Mainland China .CSI300 and Hong Kong .HSI.

Despite Friday's gains, the index was on track to fall by more than 1% for the week as jitters over the Trump administration's tariff threats and fears of a U.S. economic slowdown hit risk assets globally.

In its latest trade war volley, the United States on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe.

U.S. Senate Democratic Leader Chuck Schumer, meanwhile, said on Thursday he would vote to advance a Republican stopgap funding bill, signalling that his party would provide the votes to avert a government shutdown.

Equities in emerging Europe ticked higher, with Poland's blue-chip index .WIG20 hitting its highest level since August 2011, while Czech shares .PX rose almost 1% to an all-time high.

Central and Eastern European currencies were slightly weaker, with Hungary's forint EURHUF= slipping 0.3%.

Emerging market stocks have outperformed the U.S. S&P 500 .SPX so far in March, as beaten-down Indian equities have recouped some of their losses and China has vowed more support for its ailing economy.

Central and Eastern Europe were not far behind as hopes of a peace deal between Russia and Ukraine lifted sentiment, in contrast to a sharp drop in American equities, where the S&P 500 slipped into a technical correction.

President Vladimir Putin said on Thursday that Russia supported a U.S. proposal for a ceasefire in Ukraine in principle, but that fighting could not be paused until a number of crucial conditions were worked out or clarified.

"The move lower in U.S. equity markets has been unsettling, and markets are concerned we're heading into a bear market rather than a mere correction," Barclays analysts said in a note.

MSCI's index for emerging market currencies .MIEM00000CUS has gained around 1.5% so far this year while the dollar has sagged globally.

A big mover on Friday was Mozambique's sovereign dollar bond XS2051203946=TE, which gained just under 2 cents, after the United States cleared a long-delayed $5 billion loan for a liquefied natural gas project.

South Africa's rand ZAR= firmed 0.5% against the dollar after declining earlier this week when Finance Minister Enoch Godongwana presented his revised national budget.

Godongwana will engage with lawmakers about the budget later in the day.