MNI China Press Digest, Oct 25: LGBs, Property

     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$$$$]