MNI China Press Digest, Oct 23: Growth, Consumption, Housing

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

on Wednesday:

     China will focus on stabilizing investment after a record-low GDP growth in

Q3, the China Securities Journal reported citing Li Qilin, the chief economist

at Lian Xun Securities. Manufacturing investment will stabilize while

infrastructure investment will recover, the newspaper cited Li as saying.

Monetary policy will focus on ensuring the stable growth of total social

financing and credit, the newspaper said citing Chen Guo, the chief analyst at

Essence Securities. Cuts to market rates should only be marginal, Chen was

reported as saying.

     China will further increase investment in emerging industries including

high-end manufacturing, and boost service consumption in the areas such as

health care, tourism, and nursery, the Economic Information Daily reported

citing analysts. Several departments are planning to roll out new measures to

promote the high-quality development of the service industry, as well as the

digital economy, the newspaper added.

     Nearly a quarter of China's top 100 housing developers risks not being able

to make short-term debt repayment, the Economic Daily reported citing a report

by EH Consulting. About 24 out of 100 developers lack cash to cover the maturity

of their short-term debt, the daily said. Developers should attach greater

importance to cash flow control amid the tightening regulation on real estate

financing, the newspaper added.

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

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

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