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Top Biz News
The US Commerce Department on Tuesday announced its decision to set final countervailing duties (CVD) on imports of the $2.6 billion oil country tubular goods (OCTG) from China, the biggest US trade action against China.
Two people were executed yesterday for their roles in the country's tainted milk powder scandal last year, which killed six children and made more than 300,000 sick.
China Pacific Insurance (Group) Co Ltd, China's third-largest life insurer, has received government approval for its long-delayed plan to float shares in Hong Kong to raise at least 23.3 billion yuan ($3.4 billion).
The vice-foreign minister said the RMB rate's flexibility may widen, echoing the nation's central bank a month ago.
When the proposal to build a Disneyland park was approved earlier this month, people in Shanghai embraced the prospect of the world's biggest Mickey Mouse playground. Instead, the latest plan would make it the world's smallest Disneyland Park.
A land planning official of China Tuesday denied reports that claimed the country was going to release rural land into market to ease land shortage and curb the steep hike in housing prices.
China Eastern Airlines, the country's third biggest carrier, said yesterday that it would complete its merger transaction with Shanghai Airlines by the end of the year.
Beijing's luxury car owners say exorbitant insurance fees that will come into effect from next year will not stop them driving their mega-million yuan sleek toys.
In a bid to encourage overseas collectors to return to China its ancient relics, the country plans to offer "reasonable compensation" in exchange for the antiques.
Unlicensed taxi drivers might raise their rates to match the 1 yuan increase in licensed cabs, following a jump in gasoline prices two weeks ago.
The China Advertising Association publicly condemned 58 illegal infomercials on Sept 25 after an investigation by the State Administration of Industry and Commerce.
Air China Vice-President Fan Cheng was named Party secretary of Shenzhen Airlines on Tuesday, according to two sources with direct knowledge of the matter, adding fuel to speculation that the world's most valuable airline would take over the Shenzhen-based carrier.
| Name | Value | Change | Time |
| Shanghai | +1.62% | Fri | 3,317.41 |
| Shenzhen | +0.91% | Fri | 13,884.93 |
| HSI | -0.25% | Fri | 22,498.15 |
| NIKKEI | +0.45% | Fri | 10,022.59 |
| Dow | +0.22% | Fri | 10,388.90 |
| Nasdaq | +0.98% | Fri | 2,194.35 |
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