PRESS DIGEST - China - Oct 26
BEIJING/SHANGHAI, Oct 26 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA SECURITIES JOURNAL
-- China's economy is expected to grow 10.6 percent in the fourth quarter and the consumer price index to rise 0.5 percent, with domestic demand growing rapidly and foreign trade continuing to recover, a report released by Peking University said.
FINANCIAL NEWS
-- Turnover at China's futures markets in the first nine months rose 67 percent from a year earlier to 90.38 trillion yuan ($13.24 trillion), the head of the China Futures Association said.
CHINA DAILY (www.chinadaily.com.cn)
-- Shanxi province has doled out business permits to 19 merged collieries, the first stage in its most ambitious campaign to consolidate small coal mines in the northern province to improve efficiency and safety.
PEOPLE'S DAILY
-- General Motors [GM.UL] sold 1.29 million cars in China in the first nine months of the year, up 55.6 percent from a year earlier.
SHANGHAI SECURITIES NEWS
-- Wuhan Iron and Steel Co (600005.SS) said it expected a more than 50 percent fall in net profit for the full year due to uncertainties facing the country's steel industry. It reported a 75.8 percent slump in net profit in the third quarter to 546.56 million yuan.
SECURITIES TIMES
-- Major players in China's ship building industry reported 397.4 billion yuan in combined industrial output for the first three quarters of this year, up 32.5 percent from a year earlier, although growth was down 27.9 percentage points from the year-ago level, the Ministry of Industry and Information Technology said. ($1=6.828 Yuan) (Compiled by Beijing and Shanghai Newsrooms; Editing by Ken Wills and Edmund Klamann)
