[20081113]CITICS: Morning News 20081113

China Headlines:

1. State Council Initiated Four Measures to Boost Demand, including Approving FAI Projects costing RMB 205.9bn, adjusting export tariff for certain products (China Securities News)
   Credit Support weren’t extended to Real Estate Sector among the measures.

2. China to raise export rebates to boost exports

3. Ministry of Housing and Urban-Rural Dev. Of PRC: Would Invest RMB900bn in the next 3 years in  Policy-support house construction. (China Securities News)

4. M2 Growth slowed for 5 consecutive month at 15.02% in Oct., indicating slower economic activity. While RMB Loan in Oct. up by 14.58% y/y, 0.1%m/m.

5. Aviation Oil fee might be adjusted downward by the end of this year, according to officials at Civil Aviation Administration of China.

6. China's State Grid adds $400 mln to budget this year