UPDATE 1-PRESS DIGEST - China - Jan 4

(Adds press items)

BEIJING/SHANGHAI, Jan 4 (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 SECURITIES JOURNAL

-- A report by Bank of China's research department predicts growth of the global and Chinese economies will slow over the next two years, but also forecasts China's stock market will continue growing rapidly.

-- The Shenhua Energy group, whose listed arm is Shenhua Energy Co (601088.SS)(1088.HK), saw revenue from core operations rise above 100 billion yuan ($13.8 billion) last year from 83 billion yuan in 2006.

SHANGHAI SECURITIES NEWS

-- A total of 1.8 trillion yuan was invested in A shares last year but only 20 billion of that came in December, a study by Shanghai Securities and Guotai Junan Securities found.

-- Five major consortiums are bidding for the first slice of the Beijing-Shanghai high-speed rail construction project, which is believed to be worth more than 80 billion yuan.

-- The real income of China's urban residents jumped about 13 percent last year, exceeding Gross Domestic Product growth, which was an estimated 11.4 percent, for the first time in five years.

-- Chinese banks are scrambling to develop new ways of generating income, such as intermediary business and asset management, to offset the impact on profits this year of tighter monetary policy.

FINANCIAL NEWS

-- The Agricultural Development Bank of China, one of China's three policy banks, said its non-performing loan ratio declined to 6.29 percent at the end of 2007, 1.36 percentage points lower than a year earlier.

CHINA DAILY (www.chinadaily.com.cn)

-- The size of the average Chinese family continues to contract, with households falling from an average of 3.92 persons in 1990 to 3.44 in 2000 and 3.13 in 2006, the statistics bureau said.

-- About 6 million of China's 20 million new mothers each year suffer from post-natal depression and only a small number get professional treatment, an expert in gynaecology and obstetrics said.

PEOPLE'S DAILY

-- China aims to make 75 percent of its national standards conform with international standards by the end of this year, the chief of the State Administration of Quality Supervision, Inspection and Quarantine said. ($1 = 7.27 yuan)