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MNI China Press Digest, Oct 25: LGBs, Property

MNI (Singapore)
     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Friday:
     China has mostly completed the issuances of new local government bonds
(LGBs) for this year, adding CNY3.04 trillion for the first ninth month, the
Securities Daily reported on Friday citing data by the Ministry of Finance. Over
40% of the funds are used to support ongoing projects, mostly transportation and
basic infrastructure, the newspaper said citing the ministry.
     China's housing prices are expected to decline through end of this year,
the China Securities Journal reported on Friday citing a report by the National
Academy of Economic Strategy under CASS. The average prices in 24 major Chinese
cities started to decrease in September following slower growth and the
transaction volume of second-hand housings also continued to decline, the
newspaper cited the report as saying.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]

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