PRESS DIGEST - China - Aug 6
SHANGHAI, Aug 6 (Reuters) - 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 accuracy.
CHINA DAILY
- The Chinese government has shut down 9,300 companies and suspended work at another 15,000 in the first six months of this year as it strengthens pollution control in line with the revised Environment Protection Law that took effect on Jan. 1.
PEOPLE'S DAILY
- Sharp increases in pork prices in China since March are a technical rebound following a two-year decline and the prices are likely to stabilise soon.
CHINA SECURITIES JOURNAL
- Expectations of more monetary easing steps amid fresh signs of a sharp slowdown of China's economy are likely to push down the yields of long-term Chinese bonds in coming months.
SHANGHAI SECURITIES NEWS
- The number of China's mutual funds issued via private placements slumped 70 percent to only 347 in July compared with June as the recent stock market rout dampened investor interest.
SECURITIES TIMES
- The weakening auto market in China has caused most car brokers based in the Chinese capital, Beijing, to make losses in the first half of this year.
For Hong Kong and South China newspapers see..... ($1=6.21 yuan) (Compiled by Shanghai Newsroom; Editing by Paul Tait)
