PRESS DIGEST - China - March 16
SHANGHAI, March 16 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA SECURITIES JOURNAL
- A slew of monetary easing steps, including two interest rate cuts by the central bank since November, and expectations of more such measures, will boost China's stock market further after its strong run since the second half of last year, analysts said.
SHANGHAI SECURITIES NEWS
- China may soon announce a list of major projects in its programmes known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiative, which aim to build roads, railways, ports and airports across Central Asia and South Asia.
SECURITIES TIMES
- The subscriptions of 22 initial public offerings last week temporarily froze 2.6 trillion yuan, a recent peak that indicates continued investors' interest in new shares.
CHINA DAILY
- China's chocolate sales are predicted to grow to $4.3 billion by 2019, up 60 percent from 2014, as the country urbanizes and multinational chocolate companies expand their distribution networks to second and third-tier cities.
PEOPLE'S DAILY
- The successful conclusion of the annual session of the National People's Congress, China's parliament, on Sunday, will pave the way for more economic reforms in the coming year, an editorial of this mouthpiece of the ruling Communist Part of China, said. For Hong Kong and South China newspapers see..... ($1 = 6.26 Chinese yuan) (Reporting by Shanghai Newsroom)
