MNI China Press Digest, Oct 10: Fiscal, Economy, Housing

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

on Thursday:

     Arrangements for central and local governments to receive 50% of

value-added taxes after the two to three year transition period have been left

unchanged by China's State Council. The Council also decided to collect

consumption tax as part of wholesale and retail sales instead of during the

production process, according to a statement on the government website late

Wednesday. Citing unnamed analysts, Securities Daily said these policies would

ease fiscal strains on local government revenues under pressure from recent tax

cuts.

     Macroeconomic indicators due for release next week are expected to rebound

as a result of improved domestic demand, Shanghai Securities News reported.

Fixed-asset investment growth in the first three quarters may stabilize at

between 5.5% and 5.6%, helped by the recovery in infrastructure investment, the

newspaper said citing several analysts. Retail sales growth could be boosted by

a series of stimulus policies while industrial production and demand are

stabilizing, according to the report.

     China's housing regulators have applied 48 different controls across China

in September, adding up to a record high total of 415 different controls in the

first three quarters of 2019, Securities Times reported. Cities with obvious

house price gains will be cracked down on but controls could be eased in cities

with stable prices, the newspaper said citing Zhang Dawei, chief analyst at

Centaline Property. The report said the tight controls were expected to continue

in Q4.

--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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