BEIJING/SHANGHAI, March 3 (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.
CHINA SECURITIES JOURNAL
-- The Shenzhen branch of Bank of China and six other Chinese banks based in the southern city were ordered to retrieve consumer loans which have been invested in the stock market. Some of the lenders were ordered to suspend lending to individual clients for six months.
-- Great Wall Motor Co will sell at least 60,000 vehicles overseas this year but will strive for a target of 80,000 units, compared with last year's export of 32,000 vehicles, its president Wang Fengying said. The automaker aims to sell 400,000 vehicles in 2010, up from 225,000 units in 2009.
-- China's iron ore imports from the spot market are estimated at 60 million tonnes in March, unnamed industry analysts said.
SHANGHAI SECURITIES NEWS
-- Liaoning SG Automotive Group Co said it has teamed up with a subsidiary of major Chinese train maker China South Locomotive & Rolling Stock Corp to develop clean energy buses.
-- China's economy will hopefully grow more than 8 percent to as high as 9-10 percent this year, more than 90 percent of 50 unamed delegates to Chinese People's Political Consultative Conference, polled by the paper, said.
SECURITIES TIMES
-- China State Construction Engineering Corp, the country's biggest homebuilder and construction company, said it has agreed to take over a consulting and investment subsidiary from its parent for 3.2 billion yuan ($468.8 million).
21ST CENTURY BUSINESS HERALD
-- PSA Peugeot-Citroen, a manufacturing partner of Dongfeng Motor Group, is in talks with the state parent of Chongqing Changan Automobile Co, Changan executives said.
CHINA DAILY (www.chinadaily.com.cn)
-- China's Vice-health Minister Huang Jiefu slammed local health authorities on Tuesday for inadequate moves to stub out smoking in healthcare facilities, amid renewed efforts by the country to meet a full smoking ban in public places nationwide by next year.
-- Soaring investment in construction projects along the Chinese coast may endanger the biological diversity of the ecosystem and increase the risk of flooding, an official with the State Oceanic Administration said.
FINANCIAL NEWS
-- China Construction Bank, one of the Big Four state-owned commercial lenders, plans to provide 100 billion yuan of funding to small Chinese enterprises in 2010.
-- The Agricultural Bank of China, a state-owned lender with a strong foothold in the rural financial market, plans to double its funding in rural areas in three years and raise its outstanding loans to more than 2 trillion yuan in five years.
-- China Development Bank, one of China's three policy lenders, is expected to issue more bonds this year than in 2009 when it issued 670 billion yuan worth of bonds.
PEOPLE'S DAILY
-- China's output from its oceanic sector topped 3 trillion yuan ($440 billion) in 2009, accounting for 9.53 percent of the nation's gross domestic output and 15.5 percent of GDP in coastal regions, data from the State Oceanic Administration showed.
-- Central China's Henan province has started a consolidation of its coal industry by merging small- and medium-sized mines into six big miners, following a similar clampdown of small and medium mines in neighbouring Shanxi province.
($1=6.826 Yuan) For Hong Kong and South China newspapers see..... For Taiwan newspapers see........................ Keywords: CHINA PRESS (Compiled by Beijing and Shanghai Newsrooms; editing by Ken Wills and Jacqueline Wong; 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 2010. 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.
CHINA SECURITIES JOURNAL
-- The Shenzhen branch of Bank of China and six other Chinese banks based in the southern city were ordered to retrieve consumer loans which have been invested in the stock market. Some of the lenders were ordered to suspend lending to individual clients for six months.
-- Great Wall Motor Co will sell at least 60,000 vehicles overseas this year but will strive for a target of 80,000 units, compared with last year's export of 32,000 vehicles, its president Wang Fengying said. The automaker aims to sell 400,000 vehicles in 2010, up from 225,000 units in 2009.
-- China's iron ore imports from the spot market are estimated at 60 million tonnes in March, unnamed industry analysts said.
SHANGHAI SECURITIES NEWS
-- Liaoning SG Automotive Group Co said it has teamed up with a subsidiary of major Chinese train maker China South Locomotive & Rolling Stock Corp to develop clean energy buses.
-- China's economy will hopefully grow more than 8 percent to as high as 9-10 percent this year, more than 90 percent of 50 unamed delegates to Chinese People's Political Consultative Conference, polled by the paper, said.
SECURITIES TIMES
-- China State Construction Engineering Corp, the country's biggest homebuilder and construction company, said it has agreed to take over a consulting and investment subsidiary from its parent for 3.2 billion yuan ($468.8 million).
21ST CENTURY BUSINESS HERALD
-- PSA Peugeot-Citroen, a manufacturing partner of Dongfeng Motor Group, is in talks with the state parent of Chongqing Changan Automobile Co, Changan executives said.
CHINA DAILY (www.chinadaily.com.cn)
-- China's Vice-health Minister Huang Jiefu slammed local health authorities on Tuesday for inadequate moves to stub out smoking in healthcare facilities, amid renewed efforts by the country to meet a full smoking ban in public places nationwide by next year.
-- Soaring investment in construction projects along the Chinese coast may endanger the biological diversity of the ecosystem and increase the risk of flooding, an official with the State Oceanic Administration said.
FINANCIAL NEWS
-- China Construction Bank, one of the Big Four state-owned commercial lenders, plans to provide 100 billion yuan of funding to small Chinese enterprises in 2010.
-- The Agricultural Bank of China, a state-owned lender with a strong foothold in the rural financial market, plans to double its funding in rural areas in three years and raise its outstanding loans to more than 2 trillion yuan in five years.
-- China Development Bank, one of China's three policy lenders, is expected to issue more bonds this year than in 2009 when it issued 670 billion yuan worth of bonds.
PEOPLE'S DAILY
-- China's output from its oceanic sector topped 3 trillion yuan ($440 billion) in 2009, accounting for 9.53 percent of the nation's gross domestic output and 15.5 percent of GDP in coastal regions, data from the State Oceanic Administration showed.
-- Central China's Henan province has started a consolidation of its coal industry by merging small- and medium-sized mines into six big miners, following a similar clampdown of small and medium mines in neighbouring Shanxi province.
($1=6.826 Yuan) For Hong Kong and South China newspapers see..... For Taiwan newspapers see........................ Keywords: CHINA PRESS (Compiled by Beijing and Shanghai Newsrooms; editing by Ken Wills and Jacqueline Wong; 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 2010. 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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