MNI China Press Digest, April 28: Business Support, Pork Price

     BEIJING (MNI) - The following lists highlights from Chinese press reports

on Tuesday:

     China is planning new measures to support businesses, including cutting

taxes and rents and lowering financing costs, the Economic Information Daily

reported. Purchasing orders keep businesses sustainable and more efforts should

be made to boost domestic demand, the newspaper said citing Wang Qing, chief

analyst at the credit-rating agency Dongfang Jincheng. Wang pointed to

larger-scale consumer subsidies, the easing of car purchase restrictions, and

increased infrastructure investment as announced measures which would help

support economic activity.

     The pork price at Xifadi in Beijing, China's biggest food wholesale market,

declined 25% as of Monday from the second half of February, according to the

Beijing Daily. Citing Zhang Yuxi, the chairman of the board of Xinfadi, the

Daily's report said the pork price should continue this downward trend for May

and June. The falling pork price, a key element in China's CPI basket, also

affected the prices for other products such as eggs while the wholesale price

for beef was down 3.9% m/m, Zhang said.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

[TOPICS: M$A$$$,M$Q$$$,MI$$$$]