July 18 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
CHINA SECURITIES JOURNAL
- China will not use large-scale fiscal stimulus measures
this year, Minister of Finance Lou Jiwei said on Wednesday at a
Sino-U.S. meeting, but will instead introduce 900 billion yuan
($146.69 billion) of tax cuts, focussing on small businesses, to
be implemented within two years.
- China's June Foreign Direct Investment (FDI) hit $14.389
billion, a 27-month high and an increase of 20.12 percent
(excluding banking, securities and insurance field data) from
the same month last year, according to figures released by the
Ministry of Commerce on Wednesday.
- China's positive June FDI numbers underline the nation's
continuing appeal to overseas investors and the investment
should be harnessed to help stabilise the economy, said an
- China's consumer consumption is expected to grow at a
faster rate in the second half of this year, Ministry of
Commerce spokesman Shen Danyang told a news conference on
For Hong Kong and South China newspapers see.....