MNI China Press Digest, Oct 21: Economy, Open Up, 5G Tech

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

on Monday:

     The Chinese economy is expected to stabilize in Q4 despite the deceleration

of GDP growth in the first three quarters of 2019, the Economic Information

Daily reported Monday. Citing analysts, the Daily's report noted that retail

sales are likely to keep rebounding in Q4, helped by the recovery in car sales

and the rapid growth of service consumption in sectors such as education,

entertainment and health care. The low base of GDP growth in the same period

last year could also help to buoy the Q4 growth figure, the newspaper added.

     The opening up of the financial industry in China would make it more

competitive, People's Bank of China affiliated newspaper Financial News said in

its commentary Monday. The increased competition would effectively enhance the

ability of China's financial sector to service the real economy, the newspaper

said. In addition, the entry of foreign investment would increase the effective

allocation of Chinese and global financial sources, the commentary said.

     More supportive policies in the technology industry would help drive the

development of applications using new 5G infrastructure, Economic Information

Daily reported Monday. Industries such as auto manufacturing and electronic

information would be the key areas to implement pilots testing the 5G

technology, according to the newspaper.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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