BEIJING/SHANGHAI, Dec 31 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Wednesday. Reuters has not checked the stories and does not vouch for their accuracy.
FINANCIAL NEWS
-- The number of land line phone users in China fell 14.20 million in the first ten months of this year to 351 million, while mobile phone users increased 79.96 million to 627 million during the same period.
CHINA DAILY (www.chinadaily.com.cn)
-- China on Tuesday announced the appointment of a senior female diplomat as the first ambassador to the Association of South East Asian Nations (ASEAN), signalling the growing importance it attaches to the region.
-- Subsidies have been introduced in Beijing to promote the use of low-emission vehicles and phase out heavy polluting ones, a local government official announced.
-- A total of 40,000 hectares of arable land will be acquired in the coming two years for the projects listed in China's 4 trillion yuan stimulus package.
CHINA SECURITIES JOURNAL
-- Luenmei Group and Datong Gas separately said they were calling off asset restructuring plans because of instability in the economy and capital markets.
SHANGHAI SECURITIES NEWS
-- The combined broking income of Chinese securities companies plunged 49 percent this year to 75.5 billion yuan ($11.1 billion), according to industry data.
-- The Shanghai Futures Exchange said futures companies had boosted their margin requirements, in some cases to about 20 percent, to cover risks over the long new year holiday.
-- China Eastern Airlines Corp said it suffered $420,000 of notional losses on its fuel hedging contracts in November because of falling global oil prices. The losses will not have a significant impact on its cash flow, it added.
-- China Railway Construction Corp said its subsidiaries had won contracts worth 7.08 billion yuan to build railways in southwest China.
-- Minsheng Banking Corp said it would write off a total of 365.1 million yuan of bad loans to four Chinese companies.
SECURITIES TIMES
-- The Baosteel Group, parent of Baoshan Iron & Steel , and Shanghai International Port (Group) Co signed a strategic cooperation agreement under which they will work together in areas such as materials supply, logistics, services and investment.
PEOPLE'S DAILY
-- China has raised its per capita poverty standard from 786 yuan per year to 1,067 yuan. The change would increase the population of poor people from 14.97 million to 43.2 million, or 4.6 percent of the rural population.
-- A total of 1.52 million people lost their jobs in areas devastated by the May earthquake in southwestern Sichuan province and only 410,000 of them have found new jobs in other provinces.
($1 = 6.83 yuan) For Hong Kong and South China newspapers see..... For Taiwan newspapers see........................ Keywords: CHINA PRESS/ (Compiled by Beijing and Shanghai Newsrooms; reuters@public.bta.net.cn; +86 10 6586 5566 ext 202, fax +86 10 8527 5258; Shanghai newsroom, +86 21 6104-1688, fax +86 21 6104-1728, shanghai.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
FINANCIAL NEWS
-- The number of land line phone users in China fell 14.20 million in the first ten months of this year to 351 million, while mobile phone users increased 79.96 million to 627 million during the same period.
CHINA DAILY (www.chinadaily.com.cn)
-- China on Tuesday announced the appointment of a senior female diplomat as the first ambassador to the Association of South East Asian Nations (ASEAN), signalling the growing importance it attaches to the region.
-- Subsidies have been introduced in Beijing to promote the use of low-emission vehicles and phase out heavy polluting ones, a local government official announced.
-- A total of 40,000 hectares of arable land will be acquired in the coming two years for the projects listed in China's 4 trillion yuan stimulus package.
CHINA SECURITIES JOURNAL
-- Luenmei Group and Datong Gas separately said they were calling off asset restructuring plans because of instability in the economy and capital markets.
SHANGHAI SECURITIES NEWS
-- The combined broking income of Chinese securities companies plunged 49 percent this year to 75.5 billion yuan ($11.1 billion), according to industry data.
-- The Shanghai Futures Exchange said futures companies had boosted their margin requirements, in some cases to about 20 percent, to cover risks over the long new year holiday.
-- China Eastern Airlines Corp said it suffered $420,000 of notional losses on its fuel hedging contracts in November because of falling global oil prices. The losses will not have a significant impact on its cash flow, it added.
-- China Railway Construction Corp said its subsidiaries had won contracts worth 7.08 billion yuan to build railways in southwest China.
-- Minsheng Banking Corp said it would write off a total of 365.1 million yuan of bad loans to four Chinese companies.
SECURITIES TIMES
-- The Baosteel Group, parent of Baoshan Iron & Steel , and Shanghai International Port (Group) Co signed a strategic cooperation agreement under which they will work together in areas such as materials supply, logistics, services and investment.
PEOPLE'S DAILY
-- China has raised its per capita poverty standard from 786 yuan per year to 1,067 yuan. The change would increase the population of poor people from 14.97 million to 43.2 million, or 4.6 percent of the rural population.
-- A total of 1.52 million people lost their jobs in areas devastated by the May earthquake in southwestern Sichuan province and only 410,000 of them have found new jobs in other provinces.
($1 = 6.83 yuan) For Hong Kong and South China newspapers see..... For Taiwan newspapers see........................ Keywords: CHINA PRESS/ (Compiled by Beijing and Shanghai Newsrooms; reuters@public.bta.net.cn; +86 10 6586 5566 ext 202, fax +86 10 8527 5258; Shanghai newsroom, +86 21 6104-1688, fax +86 21 6104-1728, shanghai.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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