PRESS DIGEST- China - March 20

March 20 Wed Mar 19, 2014 9:44pm EDT

March 20 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Thursday. Reuters has not checked the stories and does not vouch for their accuracy.

CHINA SECURITIES JOURNAL

- China Securities Regulatory Commision (CSRC) said it would continue to advance the pilot program of property tax in Shanghai and Chongqing, but it had no plans to scale-up the pilot for now, said Liu Kun, vice president of CSRC.

- Net profit in Shanghai Pudong Development Bank reached 40.92 billion yuan ($6.60 billion) in 2013, jumping 19.7 percent from a year earlier.

SHANGHAI DAILY

- Closed-door training centres for young athletes have come under scrutiny following allegations that trainers at a prestigious gymnastics school in central China sexually abused students. Critics of the centres say the closed regimes leave students vulnerable to sexual assault.

CHINA DAILY

- The central government vowed on Wednesday to further push forward with a ban on the construction of new government buildings as part of an ongoing frugality campaign. About 150 officials have been investigated and 55 punished for violations on the ban first issued in July, the government said.

- Officials will be held personally liable for public expenses that are not properly justified and documented, according to a new regulation issued by Beijing's municipal government.

PEOPLE'S DAILY

- China should keep economic growth within a "reasonable range" and effectively preventing and eliminating possible risks, Chinese Premier Li Keqiang said in the State Council meeting.

For Hong Kong and South China newspapers see..... ($1 = 6.1965 Chinese Yuan) (Reporting by Chen Yixin and Feyan Wong in Shanghai; Editing by Anand Basu)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.