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GOVERNMENT

Wen Jiabao to Attend Summer Davos Forum in Tianjin

Premier Wen Jiabao will attend the opening ceremony of the World Economic Forum’s Annual Meeting of New Leaders (2010) which will be held on September 13 in Tianjin.

Xinhua News Agency | 2010-09-03

PROPERTY

40% of Property Development Loans Due by Year's End

According to an anonymous source from a state-owned bank, 40% of all loans given to property developers are due by the end of this year, adding pressure on developers. If their sales volume is insufficient in September and October, they will suffer a severe cash-flow crisis.

Caixin Online | 2010-09-03

AUTOMOBILE

China Manufactures over Ten Million Cars in the First Eight Months of 2010

China has produced and sold 10.91 million and 9.45 million cars, respectively, from January to August, up 35.45% and 31.53% from the same period of last year according to statistics released by the China Automobile Technology & Research Center.

People's Daily Online | 2010-09-02

NATURAL GAS

China's Natural Gas Market Embraces Competition

The project of transmitting the natural gas from Sichuan Province to eastern China began its commercial operation on August 31, lifting the market shares of Sinopec significantly and ending Petrol China’s monopoly in the natural gas market.

Economic Information Daily | 2010-09-02

CPI

Projected CPI to Exceed 3.4% in August

Driven by the rising prices of agricultural products, many financial institutions predict China’s CPI will be somewhere between 3.4% and 3.6% in August, exceeding July levels of 3.3%. China is expected to face continuous inflation pressures in the coming year.

Economic Information Daily | 2010-09-02

SERVICE INDUSTRY

China to Promote Domestic Services Sector

Premier Wen Jiabao stated at an Executive Meeting of the State Council held yesterday that the Chinese government will implement five measures to promote the domestic services industry which includes community services, senior citizen care, housekeeping services and at home care for the sick. The government will promote the industry by regulating the market, intensifying service training and provi...

Xinhua News Agency | 2010-09-02

CUSTOMS

Additional Duties Imposed on Goods Mailed from Abroad

According to regulations released by the General Administration of Customs, items mailed into mainland China with over 50 yuan in import duties will be taxed according to their full commercial value starting today. The General Administration of Customs intends to impose stricter regulations on postal items as well as goods carried by travelers.

China News Service | 2010-09-01