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BEIJING (MNI) - The following lists highlights from Monday's China press:
--With China's economy still facing headwinds, conservative estimates
suggest China's GDP growth this year will fall to about 6.3%, with Q1 growth
maybe as low as 6%, the Economic Information Daily said in a front-page op-ed
today. So far, a total 22 out of 30 provinces have set a lower growth target
this year, lower by an average of 0.4 percentage points, and more than 10 have
set the target rate at around 6%, the Daily said.
--The sales at retail and catering enterprises nationwide totalled around
CNY1.005 trillion over the Chinese New Year break, a rise of 8.5% from the same
period last year, China News Service reported, citing data released by the
Ministry of Commerce on Sunday. The sales of Chinese green food, smart home
appliances, new digital products and local specialty products showed rapid
growth during the holiday, the Ministry said.
--A total CNY1.0635 trillion on money market ops mature in the week
following the Chinese New Year holiday, including CNY402.5 billion of MLFs,
China Securities Journal reported, citing data from Wind. Analysts think total
liquidity will remain ample and the central bank's OMOs will be steady,
considering the size of funds likely to flow back to the system after the
holiday, the newspaper said.
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