MNI China Press Digest, May 20: Infrastructure, Aviation, Pork

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

on Wednesday:

     China is expected to introduce more policies to facilitate the mobility of

private capital, with a particular focus on medium and long-term funds for

technology infrastructure, the Economic Information Daily reported. According to

the Daily's report, financial institutions and regulators in Shanghai are

working on bridging key infrastructure projects with financial services,

assisting bond financing for companies investing in infrastructure projects, and

improving the tolerance for related mid-to-long-term bad loans. More regions and

financial institutions may follow and implement policies to support private

investment in technology infrastructure, an unnamed industry insider told the

newspaper. 

     China's aviation industry has staged a rebound in the period since the end

of March and the recovery gained momentum in May, according to a report in

Securities Times. Citing anonymous staff from a state-owned aviation company,

the Times report said the recovery had been more significant in domestic

aviation. On May 15, single-day flights in the civil aviation sector reached

10,262, 60% of the capacity before the epidemic, according to the Civil Aviation

Administration of China. This was the first time the figure had moved above

10,000 since February, the newspaper added. 

     The wholesale price of pork in China was CNY38.91 per kilogram last week,

down 7.4% from CNY42 per kilo in the previous week, according to data from the

Ministry of Commerce cited by the Economic Information Daily. Pork prices, the

main inflation driver over the past year, have fallen for 12 consecutive weeks,

with the year-on-year gain dropping 19.5 percentage points to 96.9%, a MOFCOM

official said. Pork prices have dropped by more than CNY10 since the beginning

of the year, the newspaper added. 

--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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