PRESS DIGEST - China - Nov 3
BEIJING/SHANGHAI, Nov 3 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA SECURITIES JOURNAL
-- China's economic growth in the fourth quarter is likely to exceed 10 percent on the year, and gross domestic product is set to expand 8.3 percent this year, a research report by the China Construction Bank said.
-- Sinopec's Songnan gasfield in the northeastern province of Jilin has launched operations, with daily production of 1.4 million cubic metres. The gasfield has production capacity of 1 billion cubic metres.
SHANGHAI SECURITIES NEWS
-- China United Coalbed Methane Co plans to invest at least 2 billion yuan ($293 million) to tap into the country's rich coalbed methane resources, also notorious for causing explosions in coal mines.
SECURITIES TIMES
-- Shanghai Industrial Development Co. (600748.SS: Quote, Profile, Research) said it planned to raise up to 4.2 billion yuan in private placements to develop four real estate projects.
CHINA DAILY (www.chinadaily.com.cn) Continued...
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