Quick view

The importance of the relationship between China and the United States, between the Chinese and American people, and between their presidents cannot be ignored - especially when dealing with the issue of our time, global warming. Page 2

Local governments may be ignoring environmental standards as they implement parts of the multi-billion-dollar stimulus plan, despite the central government's best efforts. Page 3

A new Chinese market for dollar-denominated bonds issued by non-financial firms, due to be launched soon, will create a new source of funds for companies looking to invest abroad or to acquire foreign firms.Page 4

Beijing and Qinhuangdao public housing provident fund management centers have recently signed a deal paving the way for residents of the two cities to apply for government-subsidized loans for dwelling purchases, from either side. Page 5

Thousands of Chinese parents are turning their backs on Johnson & Johnson and other foreign brand baby care products after recent health scares. Page 8

GlaxoSmithKline Biological, which holds 25 percent of the world vaccine market, is eyeing opportunities in China. Page 9

China and Russia have signed a multibillion-dollar intergovernmental agreement, finalizing a series of agreements on constructing an oil pipeline and supplying crude to China. Vice Premier Wang Qishan and visiting Russian Deputy Prime Minister Igor Sechin signed the agreement at the Great Hall of the People in Beijing last week.

China's petrochemical industry registered a 26.3-percent month-on-month growth in March turnover, pointing to signs of a recovery in the economy. The industry's total turnover was 1,263.8 billion yuan in the first quarter, down 14 percent year-on-year, the China Petroleum and Chemical Industry Association (CPCIA) said last week.

(China Daily 04/27/2009 page1)