MNI China Press Digest, Oct 15: Yuan, Growth, Pork Prices

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

on Tuesday:

     Depreciation pressure on the Chinese yuan has eased and there is evidence

that the currency could bottom and stabilise, China Securities Journal said in a

front-page commentary. The commentary said the yuan is now showing appreciation

momentum as the yuan-dollar pair has been stronger than the central parity of

the yuan against dollar, in addition to the dollar index. Meanwhile, market

sentiment on the yuan has also improved amid positive expectations on the trade

environment and China's economic performance in Q4, the newspaper said.

     The economic symposium hosted by Chinese Premier Li Keqiang on Monday sent

a signal that China needs to attach greater importance to stabilising economic

growth, 21st Century Business Herald reported. In a bid to buoy growth in Q4,

local governments are trying to accelerate investment in next-generation

information infrastructure, the development of integrated circuits, and the

construction of key projects in addition to boosting consumption, the newspaper

said.

     Chinese pork prices are expected to gradually decline next year as pig

production recovers, Economic Daily reported. Citing Zhu Zengyong, a deputy

researcher at the Chinese Academy of Agricultural Sciences, the report says

releases of pork reserves and increased pork imports have helped to slow the

growth of pork prices in September. Pork imports were 1.16 million tones in the

first eight months, up 40.4% y/y, 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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