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MNI China Press Digest, Oct 30: Yuan, PPP, Blockchain 

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Wednesday:
     The yuan may rise against the U.S. dollar till mid-2020, supported by its
economy, the China Securities Journal reported citing Yang Weixiao, the chief
analyst at BOC International. Prices of industrial products are expected to
rebound, increasing corporate profits and returns on capital, thereby propping
up the yuan, the newspaper cited Yang as saying. China's economic growth will
stabilize in Q4, compared to the U.S.'s increased downward pressure, which could
weaken the dollar while boosting the yuan, the newspaper said citing Bian
Quanshui, chief analysts at Sinolink Securities.
     China plans to let infrastructure-back so-called special-purpose local
government bonds be used in public-private partnership (PPP) projects, China
Securities Journal reported citing the Ministry of Finance. The use of these
bonds helps boost insufficient government investment funds, while PPPs can
better manage the spending. Such combination will ease fiscal pressure, and
increase the efficiency of fiscal management, the newspaper said citing Jiao
Xiaoping, director of the China Public Private Partnerships Center.
     China will focus on promoting the integration of blockchain and industrial
internet to accelerate the digital transformation of the manufacturing sector,
the People's Daily reported citing the Ministry of Industry and Information
Technology. China should also combine blockchain with big data to explore new
digital economy model, the newspaper cited the ministry as saying.
--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
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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