January 30, 2013 / 2:10 AM / in 5 years

PRESS DIGEST - China - Jan 30

SHANGHAI, Jan 30 (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.


--Authorities will keep in place or even strengthen measures aimed at restraining housing prices, but local governments are also likely to adjust policies based on local conditions, include supporting non-investment demand in some areas.


--China’s inflation could fall to 1.8 percent in January due to a high base from last year, but the full-year figure could hit 3-3.5 percent, said Bank of Communications in its research report.

--A recovery in the Chinese economy and policies supporting urbanisation could lead to a gradual rise in house prices this year, but a sharp rise is unlikely, due to continued polices to control the property market, according to a research report by China Commercial Real Estate Commission.

--Chinese banks will increase loans to support urbanisation, with China Development Bank saying it will devote more than half of its loans this year to this purpose.


--Most of the high-speed rail lines opened in recent years are operating at a loss, but those in more developed east China, such as the Beijing-Shanghai line, are doing better.


--Swiss food company Nestle is investigating one of its factories in Tianjin city, in north China, after an undercover reporter from the Qingdao-based City Sun newspaper found apparent health violations there.


--China Development Bank will lend more than 500 million yuan ($80.33 million) to allow LDK Solar Co to reopen its silicon factory, but a local government official said the factory needs 1.5 billion yuan to resume operations.

For Hong Kong and South China newspapers see.....

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