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PRESS DIGEST - China - Aug 6

Tue Aug 5, 2008 8:59pm EDT

Stocks

   

BEIJING/SHANGHAI, Aug 6 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Wednesday. Reuters has not checked the stories and does not vouch for their accuracy.

China

CHINA DAILY (www.chinadaily.com.cn)

-- Du Jiang, deputy director of China's National Tourism Administration, said Xinjiang is still safe for tourists as security has been tightened in the region.

-- Hao Yang, deputy director of the Disease Control and Prevention Bureau under the Health Ministry, said China is likely to lift the two-decade-old ban on people with HIV/AIDS entering the country in 2009.

PEOPLE'S DAILY

-- Tropical storm Kammuri will bring strong rainfall in southern China, especially in Guangdong province.

-- One person was killed and another 23 were injured in a 6.1-magnitude earthquake aftershock in Qingchuan County, Sichuan province.

CHINA SECURITIES JOURNAL

-- China's earthquake-stricken Sichuan province will need 100 million tonnes of cement each year for the next three years for reconstruction, causing an annual supply shortage of about 40 million tonnes, the China Cement Association said in a research report. But there may be oversupply of cement after reconstruction, it said.

-- Many analysts expect July consumer price inflation to come in at around 6.5 percent, down from June's 7.1 percent, but they also believe producer price inflation hit a fresh high.

SHANGHAI SECURITIES NEWS

-- The parent of Shanghai Zhangjiang Hi-tech Park Development Co (600895.SS) plans to spend 300 million yuan ($43.8 million) in the next six months to buy shares in the listed company at no more than 16.00 yuan each. The stock closed at 10.80 yuan on Tuesday.

-- Tibet Mineral Development Co 000762.SZ forecast its third-quarter net profit would jump between 100 and 150 percent from a year earlier because of higher mineral prices and improved management.

-- Xi'an Aircraft International Corp (000768.SZ) forecast its third-quarter net profit would soar between 550 and 600 percent, after it transformed itself from an aircraft parts supplier into an aeroplane maker.

SECURITIES TIMES

-- Equity investment accounts actually holding stocks rose for a sixth straight week in the July 28-Aug 1 period, climbing by 117,000 accounts from the previous week to 47.93 million, or 40.85 percent of total A-share accounts, official data showed. ($1 = 6.85 yuan)



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