PRESS DIGEST - China - July 3
BEIJING/SHANGHAI, July 3 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Friday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA DAILY (www.chinadaily.com.cn)
-- A bus fire that killed 27 people in Chengdu in southwestern China last month was found to be deliberately caused by a man who was reported to be dissatisfied with the small amount of money his daughter provided him for living expenses. The man died in the fire.
-- China is aiming for installed solar power capacity of 2 gW by 2011, nearly a 15-fold jump from the 140 mW capacity it had at the end of last year, according to people familiar with the matter.
PEOPLE'S DAILY
-- Another 10 H1NI flu cases have been confirmed at the same primary school in Beijing where seven pupils were confirmed with the flu on Wednesday.
CHINA SECURITIES JOURNAL
-- China's electricity output in June rose 3.6 percent from a year earlier, the first monthly increase since October 2008, official data showed.
-- Forecasts by three domestic securities firms indicate that China's consumer price index fell 1.3 to 1.5 percent in June from a year earlier while the producer price index fell about 7.5 percent.
-- Bank of Communications Co (601328.SS) will take a stake in Orient Asset Management, one the the country's four big debt clearers, sources said.
-- China Shenhua Energy Co (601088.SS) plans to increase its annual production capacity to 400 million tonnes by 2014, up from 190 million tonnes this year, said unnamed company executives.
SHANGHAI SECURITIES NEWS
-- Construction at Fiat's (FIA.MI) car production venture with Guangzhou Automobile Industry Group is scheduled to begin in August. The facility, with annual car production capacity of 140,000 units and based in the central Chinese city of Changsha, still requires government approval.
-- The Chinese government is working on new rules for the domestic listing of qualified foreign companies, said Chen Jian, deputy commerce minister. (Compiled by Beijing and Shanghai Newsrooms; Editing by Ken Wills and Edmund Klamann)
