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     BEIJING (MNI) - The following lists highlights from the Chinese press for
     China will strictly limit the scope of new expansion projects producing
steel, cement, glass and ban new aluminum smelters as it tries to maintain the
result of its effort cutting excess industrial capacities, Xinhua News Agency
reported late Thursday citing Miao Wei, the Minister of Industry and Information
and Technology.
     Inflation is expected to stay around 2% in 2019 amid an economic downturn
with sluggish demand and oversupply, the Securities Daily reported on Friday
citing Pan Xiangdong, chief economist at New Times Securities. The lack of
inflationary pressure this year will help the central bank be flexible with its
monetary policy and guide the bond market interest rates lower, the newspaper
said citing Liu Dan, analyst at China Galaxy Securities.
     The People's Bank of China (PBOC) must use targeted easing measures while
keeping the overall liquidity at a certain level to help maintain the vitality
of small companies, the Securities Daily said in a commentary on Friday.
Policymakers should prevent fast contraction of credit that may hurt the real
economy, while avoid releasing too much liquidity that could undermine
structural reform, the daily said.
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
--MNI Beijing Bureau; +86 10 8532 5998; email:
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