PRESS DIGEST- China - Sept 30
Sept 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.
SHANGHAI SECURITIES NEWS
- China's top economic planner will soon launch a batch of major projects related to intelligent manufacturing, green manufacturing and high-end equipment in a bid to upgrade the country's manufacturing industry and eliminate outdated capacity, official sources told the newspaper.
- China's state council has banned local restrictions on buying and driving new energy cars, the newspaper reported, citing a regular cabinet meeting chaired by Premier Li Keqiang.
CHINA SECURITIES JOURNAL
- The number of China's public fund managers that have left their posts during September has dropped to 16, a low for the year, from a high of 55 in June, after the market crash in recent months prevented them from hopping to private equity companies, according to a survey by the newspaper.
SECURITIES TIMES
- Profits for China's listed brokerages dropped by more than 30 percent in August month-on-month, after falling by 50 percent in the previous month, according to a survey by the newspaper.
CHINA DAILY
- Given that investment in development projects are still vital to China's economic growth, officials' reluctance to use funds on projects under their control will become an accumulative drag on the economy, while delay in projects related to livelihood could dent the credibility of the Communist Party and government, an editorial said.
GLOBAL TIMES
- After NASA's announcement that it found strong evidence of flowing water on Mars, China should consider setting up a special organisation for space exploration, doing so not for political reasons but as a necessary step along with China's modernization, an editorial said.
For Hong Kong and South China newspapers see.....
($1 = 6.3645 yuan) (Compiled by Shanghai Newsroom and John Ruwitch; Editing by Anand Basu)
