MNI China Press Digest, Dec 2: Economy, Consumption, NPL

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

on Monday:

     Market sentiment on the Chinese economy's prospects for 2020 was

"cautiously optimistic", as looser monetary policies around the globe had

increased international capital inflows into China, according to a report in the

PBOC-operated Financial News. The report said the capital flows had improved

liquidity and corporate financing. Citing a report by the Bank of China,

Financial News says the recovery in car sales will further consolidate the

contribution of consumption to economic growth.

     China may focus on boosting consumption and infrastructure in rural areas

in a bid to expand domestic demand, the Economic Information Daily reports.

Citing interviews with experts, the Daily's report says the current per capita

spending of 560 million farmers is only 47% of the spending of urban residents.

This consumption could be boosted by several hundred billion yuan year by year

with the ongoing promotion of urbanization, said Chen Yajun, head of strategy

and planning at the National Development and Reform Commission.

     China has approved the securitisation of non-performing assets by rural

commercial banks, according to Shanghai Securities News. The newspaper said

banks in China has issued 87 securities backed by non-performing assets since

2016, worth a combined CNY 55.38 billion.

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

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

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