UPDATE 1-PRESS DIGEST - China - Sept 7

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BEIJING/SHANGHAI, Sept 7 (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 Ministry of Commerce said it was implementing eight measures to encourage consumption of imports and to help balance the country's large trade surplus. Measures include improving tariff structures and actively importing resources.

SHANGHAI SECURITIES NEWS

-- Poly Real Estate (600048.SS), one of the country's biggest developers, said property sales rose 16 percent in the first 8 months of the year. Contracted sales for August reached a record high, the paper said.

SHANGHAI DAILY

-- China's aviation watchdog has found that about 200 pilots falsified their flying histories, with more than half of them working for the parent company involved in China's worst plane crash in several years.

FINANCIAL NEWS

-- The China Development Bank, one of China's three policy banks, has been granted approval to provide consultancy and advisory services to its customers.

CHINA DAILY (www.chinadaily.com.cn)

-- China will "vigorously" expand its imports of critical products, especially advanced technology, as the nation aims to cut its trade surplus amid what a senior Chinese trade official said was growing protectionism against the world's largest exporter.

-- Chinese authorities are drawing up a national flood risk map in a bid to improve the country's ability to prevent or react to disasters, following the worst flooding in a decade.