MNI China Press Digest, Dec 30: CPI, Property, Autos

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

on Monday:

     China's consumer price index might edge up to an annualised 5.3% by January

2020, driven by rising prices for fresh fruit and vegetables before Chinese New

Year, Securities Times reported on Monday. Citing analysis by Shenwan Hongyuan

Securities, the Times report says that CPI is also likely to come down in the

second half of next year due to more balanced demand and supply. The report says

CPI could fall below 2.0% y/y by Q4 next year.

     China will focus on maintaining stability in the property market in 2020,

Beijing Business Today reported on Monday. The idea that "houses are used for

living in, not for speculation" has limited speculation and helped grow the

leasing market in 2019, the newspaper said.

     China will accelerate its transition from traditional to new energy

vehicles, according to a report in the China Securities Journal. Citing comments

from Wang Bin, vice director of the Market Operation Department under the

Ministry of Commerce, the report says China will also develop new infrastructure

in areas such as parking, and invest in related automotive facilities.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

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

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