MNI China Press Digest, Jan 29: CBS, Consumption, GDP

     BEIJING (MNI) - The following lists highlights from Tuesday's China press:

     The PBOC's move to launch Central Bank Bills Swap(CBS) scheme is not a

Chinese version of QE, as banks cannot automatically obtain base money from the

PBOC with the central bank bills, Wallstreet CN reported late Monday citing Sun

Guofeng, director of the PBOC's Monetary Policy Committee. The PBOC aims to

support the liquidity of banks' perpetual bonds with CBS, but it will not take

credit risks, which will still be borne by banks and they cannot use this tool

to move assets off their balance sheets, Sun said, according to Wallstreet CN.

     China's National Development and Reform Commission and 10 other departments

have issued a new plan today to boost consumption and underpin a strong domestic

market. The plans include measures to promote the sales of cars and home

appliance; upgrade information consumption; accelerate the launch of 5G

commercial licenses; and improve supporting policies of child care to encourage

births, China Business News reported.

     China will maintain a per capita real GDP growth rate of more than 6% per

year through 2020, Securities Daily reported today citing a study published by

Chongyang Institute for Financial Studies at Renmin University. The report

predicts that China's per capita real GDP growth will gradually decline from

2015 to 2040, but the average annual growth rate is between 5.8% and 6.2%, the

Daily said.

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

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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