UPDATE 1-PRESS DIGEST - China - April 7

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BEIJING/SHANGHAI, April 7 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy.

FINANCIAL NEWS

-- China is building up a credit information database for farmers to allow rural residents access to bank credit.

-- China trust investment firms are rushing to set up offices in Beijing to seek cooperation with big banks.

-- China's interbank market requires its members, including 54 brokerage houses, 51 finance companies and three trust investment firms, to publish audited annual reports for 2007 before April 30.

CHINA DAILY (www.chinadaily.com.cn)

-- More than 200 Chinese labourers returned to Shanghai on Sunday after a strike led to a skirmish in Equatorial Guinea.

-- The collapse of a section of the banks along the Yangtze River and an adjacent highway in Hubei province on Saturday have disrupted road traffic in Hubei, Hunan and Chongqing.