MNI China Press Digest, Dec 5: Employment, Car Sales, Housing

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

on Thursday:

     China should prioritize its employment policy and boost the jobs market as

it expands domestic demand and stabilises foreign trade, Xinhua News Agency

reports. Citing the executive meeting of the State Council presided over by

Premier Li Keqiang, the Xinhua report says local governments should lower the

threshold for small companies to apply for entrepreneurial loan guarantees, and

provide funding support for migrant workers to start businesses in their

hometowns.

     Electronic vehicle (EV) sales in China are expected to increase to 5 or 6

million vehicles per year as the country bids for the goal of boosting new

energy car sales to 25% of total car sales by 2025, the Securities Daily

reports. Citing an unnamed source from private equity firm Maodian Asset, the

report says that if the target was achieved this would represent four times

current EV sales which may reach 1.4 million this year.

     The real estate sector will help China's economy stay resilient next year,

the China Securities Journal reports. Citing Yang Yewei, Chief Analyst with

Southwest Securities, the Journal's report says demand for housing has not

diminished and real estate companies will continue to restock in 2020,

supporting investment growth.

--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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