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  <title>Shanghai Daily: Business</title> 
  <link>
  	http://www.shanghaidaily.com/article/list.asp?id=8
  </link> 
  <description>Shanghai Daily Business</description> 
  <language>en</language> 


<item>
	<title>Morning market continues optimistically</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406544.htm
	</link>
	<pubDate>2009-7-6 12:20:40</pubDate> 
	<category>Securities</category> 
	<author>Joyce Pan</author>
	<description><![CDATA[SHANGHAI'S key stock index extended rises in the morning session amid optimism for a sustainable bull market
 
The benchmark Shanghai Composite Index was up 0.32 percent, or 9.88 points, to close at 3,098.24 points...]]></description>
</item>

<item>
	<title>WTO dispute settlement plea</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406513.htm
	</link>
	<pubDate>2009-7-6 1:33:15</pubDate> 
	<category>Foreign trade</category> 
	<author></author>
	<description><![CDATA[CHINA'S government and companies should learn to apply the World Trade Organization dispute settlement mechanism in a &quot;rational&quot; and &quot;practical&quot; manner to protect interests of companies and deal with complaints, an...]]></description>
</item>

<item>
	<title>Stock index adjustment</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406512.htm
	</link>
	<pubDate>2009-7-6 1:26:34</pubDate> 
	<category>Securities</category> 
	<author></author>
	<description><![CDATA[SHANGHAI'S key stock index will undergo a short period of adjustment this week without changing its upward trend, analysts said. 
 
The Shanghai Composite Index added 5.5 percent over the past week to end at 3,088.37...]]></description>
</item>

<item>
	<title>Yuan to stay stable against the dollar</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406511.htm
	</link>
	<pubDate>2009-7-6 1:26:30</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Ding Yining</author>
	<description><![CDATA[THE yuan will remain stable against the United States dollar with the government maintaining its currency reserve policy. 
 
The local currency closed at 6.8333 against the dollar last Friday after it ended 6.8328...]]></description>
</item>

<item>
	<title>CIC to take a 17% stake in Canadian mining company</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406510.htm
	</link>
	<pubDate>2009-7-6 1:25:45</pubDate> 
	<category>Metallurgical industry</category> 
	<author></author>
	<description><![CDATA[CANADIAN mining company Teck Resources Ltd is selling a 17-percent stake to China Investment Corp for C$1.74 billion (US$1.5 billion) in a bid to reduce its debt.
 
The Vancouver-based company said CIC, the world's...]]></description>
</item>

<item>
	<title>Officials say policy on acquisitions 'fair'</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406509.htm
	</link>
	<pubDate>2009-7-6 1:24:28</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Kirby Chien</author>
	<description><![CDATA[CHINA says its policy toward foreign acquisitions of domestic firms is fair and that broader national concerns take precedence over the potential benefits to any single company.
 
&quot;We want to actively encourage mergers...]]></description>
</item>

<item>
	<title>Concern over HK Disney park</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406500.htm
	</link>
	<pubDate>2009-7-6 0:46:34</pubDate> 
	<category>Hotel and tourism</category> 
	<author></author>
	<description><![CDATA[HONG Kong lawmakers say they would be unwilling to approve a plan to expand the city's Disneyland unless the government and Walt Disney Co tell them how the theme park has performed since it opened in 2005.
 
Walt...]]></description>
</item>

<item>
	<title>Developing nations in G8 call</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406499.htm
	</link>
	<pubDate>2009-7-6 0:46:00</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Joe McDonald</author>
	<description><![CDATA[CHINA will likely push for a bigger voice for developing countries in international monetary policy at the G8 meeting in Italy this week, but a top Chinese diplomat said it won't be raising its proposal for a new...]]></description>
</item>

<item>
	<title>Made in China</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406541.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Business</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406541.htm"><img src="http://www.shanghaidaily.com/NewsImage/2009/2009-07/2009-07-06/20090706_406541_02.jpg" border="0" /></a><br>]]></description>
</item>

<item>
	<title>Motoring in style</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406542.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Business</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406542.htm"><img src="http://www.shanghaidaily.com/NewsImage/2009/2009-07/2009-07-06/20090706_406542_02.jpg" border="0" /></a><br>]]></description>
</item>

<item>
	<title>Venezuela takes control of bank</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406468.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Banking</category> 
	<author>Fabiola Sanchez</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406468.htm"><img src="http://www.shanghaidaily.com/NewsImage/2009/2009-07/2009-07-06/20090706_406468_02.jpg" border="0" /></a><br>PRESIDENT Hugo Chavez's government has assumed control of Venezuela's third-largest bank - making the state the largest player in the nation's banking system.
 
The purchase of the Spanish-owned Banco de Venezuela...]]></description>
</item>

<item>
	<title>Orascom gives up lawsuit over Mobinil</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406459.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Information industry</category> 
	<author></author>
	<description><![CDATA[EGYPT'S Orascom Telecom Holding SAE said yesterday it was dropping its case against France Telecom over ownership stakes in Mobinil, the country's largest mobile phone service provider.
 
The statement by Orascom...]]></description>
</item>

<item>
	<title>50% Slump In FDI This Year: UN Official</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406471.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Foreign investment</category> 
	<author></author>
	<description><![CDATA[GLOBAL foreign direct investment was expected to slump by about 50 percent this year amid economic downturns, an official with the United Nations Conference on Trade and Development said over the weekend.
 
James...]]></description>
</item>

<item>
	<title>Trade delegation heads to Europe</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406472.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Foreign trade</category> 
	<author></author>
	<description><![CDATA[A CHINESE delegation to promote trade cooperation left Beijing for Europe on Saturday. The delegation, consisting of about 300 entrepreneurs, was headed by Vice Minister of Commerce Gao Hucheng, a statement on the...]]></description>
</item>

<item>
	<title>Foreign trade still to nation's advantage</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406475.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Foreign trade</category> 
	<author></author>
	<description><![CDATA[CHINA did not lose its advantages in foreign trade despite the global downturn and could retain foreign trade levels above the global average once the global economy recovered, a senior Chinese official said over the...]]></description>
</item>

<item>
	<title>Vatican records US$1.26m deficit</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406458.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author></author>
	<description><![CDATA[THE Vatican said over the weekend it ran a deficit in 2008 as its finances and donations from across the world were hit by the global economic crisis.
 
The Vatican posted a budget deficit for a second straight year,...]]></description>
</item>

<item>
	<title>French leaders call for better foreign exchange coordination</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406465.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author></author>
	<description><![CDATA[FRANCE made a push for better international foreign exchange coordination yesterday and said there was a need for more stability between the major currencies. 
 
The comments from Economy Minister Christine Lagarde...]]></description>
</item>

<item>
	<title>Confidence wanes over Canada's recovery</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406466.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Charmaine Noronha</author>
	<description><![CDATA[CANADA'S finance minister says the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun.
 
Jim Flaherty gave his most recent, sobering assessment of...]]></description>
</item>

<item>
	<title>Biden: We misread state of US economy</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406467.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author></author>
	<description><![CDATA[UNITED States Vice President Joe Biden said the Obama administration &quot;misread how bad the economy was&quot; but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks...]]></description>
</item>

<item>
	<title>First Cross-Border Yuan Clearing Trade Expected Today</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406469.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Maggie Zhang</author>
	<description><![CDATA[THE first cross-border trade in yuan settlement is scheduled to kick off today in Shanghai.
 
A Shanghai Electric Group Co affiliate is expected to receive its cross-border transaction payment from Hong Kong via...]]></description>
</item>

<item>
	<title>Businesses gear up for yuan foreign settlement</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406470.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Zhang Fengming</author>
	<description><![CDATA[THE People's Bank of China has posted its long-awaited regulations on yuan settlements for cross-border trade last week in what is viewed as a giant step toward promoting the yuan as a regional and possibly future...]]></description>
</item>

<item>
	<title>Surpluses to blame for US deficits</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406474.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author></author>
	<description><![CDATA[THE current account deficits of the United States was the result of surpluses in many countries, the People's Bank of China Assistant Governor Guo Qingping said over the weekend.
 
A current account deficit occurs...]]></description>
</item>

<item>
	<title>Zeng urges reform cooperation</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406476.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Macro-economy and policy</category> 
	<author></author>
	<description><![CDATA[FORMER Chinese Vice Premier Zeng Peiyan has called for the world to work together to seek reforms in financial supervision, boost economic restructuring and build a green economy.
 
The financial crisis had revealed...]]></description>
</item>

<item>
	<title>Surge in sales</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406473.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Real estate</category> 
	<author></author>
	<description><![CDATA[CHINA Vanke Co Ltd, the country's largest property developer by market value, said its property sales climbed 27.5 percent from a year ago to 30.76 billion yuan (US$4.50 billion) in the first half year. Vanke sold...]]></description>
</item>

<item>
	<title>GM's Forster says Opel sale to Magna may conclude soon</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2009/200907/20090706/article_406460.htm
	</link>
	<pubDate>2009-7-6</pubDate> 
	<category>Automobile</category> 
	<author></author>
	<description><![CDATA[NEGOTIATIONS for the sale of General Motors Corp's unit Adam Opel GmbH to Canadian auto parts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released over the weekend.
...]]></description>
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