SHANGHAI, June 20 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
CHINA SECURITIES JOURNAL
- SAIC Motor Corporation Limited will invest
more funds to develop vehicles carrying its own brand, said
Chairman Chen Hong.
- The prolonged effects of the slowdown in China's property
market could hurt economic growth, but reforms to balance the
economy will offset the negative impact, Moody's Investors
Service said in Shanghai.
- Polluters face harsher penalties under a draft amendment
to an air pollution prevention law reviewed by the Shanghai
legislative body. Anyone found guilty of discharging major air
pollutants without a licence faces a fine of up to 500,000 yuan
($80,645) compared to the current 100,000 yuan.
- Two provincial-level officials from China's northern
Shanxi province, Ling Zhengce and Du Shanxue, are under
investigation for suspected serious discipline and law
violations - an euphemism for corruption - China's anti-graft
authority said on Thursday.
- China should consider flexible grain imports from
international markets and take steps to ensure sustained growth
in domestic output of staple grains for long-term food security,
government officials and foreign exporters said on Thursday.
- Mainland China and Hong Kong should strive hard towards
implementing the "one country, two systems" policy and work
together for prosperity, the newspaper said in its commentary.
For Hong Kong and South China newspapers see.....
(Reporting by Chen Yixin and Fayen Wong; Editing by Subhranshu