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Shanzhai, which literally means "mountain village", started off as a term to describe copies of electronic products but now copying anything that is popular, from cultural activities, songs and movies to all kinds of products, is considered shanzhai. Page 2

China's economy has become increasingly globalized with more and more Chinese companies looking to invest overseas. This has elicited both applause and concern abroad. Page 2

Many climate change-related technologies are unavailable at reasonable prices in developing countries and this meant those technologies could not be employed in parts of the world where they were needed the most, said Su Wei, a leading figure in China's climate change negotiating team. Page 3

Shrinking profitability didn't stop China's top three State-controlled banks from going on a lending spree in the first three months of 2009. The result was a dismal first quarter profit in those banks. Page 4

Chinese villagers need more than money in remote areas of the country. Page 5

The Canton Fair, China's largest trade exhibition, is paying attention to the domestic market for the first time in its half-century existence, as external demand shrinks and the country's exports fall. Page 5

The Ministry of Finance announced new subsidies for domestic solar projects, hoping to stimulate the home market because the export-led solar industry was hard hit by the sluggish demand from American and European markets. Page 6

China has set a target for renewable energy consumption of 40 percent of the market by the year 2050. Page 7

The road to win Chinese consumers' hearts appears bumpy for The Hershey Company, the largest chocolate maker in North America, even though it has been in the country more than a decade. Page 8

US companies are slashing costs, eliminating staff and reporting some of their gloomiest earnings in years, but there is one solution to all the pain - China. Page 8

Baidu Inc, operator of China's most-used Internet search engine, will post a high growth rate "for years to come" as online demand surges in the world's third biggest economy, Chief Executive Officer Robin Li said. Page 9

China's manufacturing expanded for a second month, adding to signs of a recovery in the world's third-biggest economy. The Purchasing Manager's Index rose to a seasonally adjusted 53.5 in April from 52.4 in March, the Federation of Logistics and Purchasing said Friday in Beijing in a statement. A reading above 50 indicates an expansion.

The Chinese government said last Wednesday it would allow foreign companies to list on the Shanghai Stock Exchange and develop a greater variety of financial derivatives, elaborating on plans to make Shanghai an international financial and shipping centre by 2020.

China Zhongwang Holdings Ltd, the country's largest maker of extruded aluminum products by capacity, raised HK$9.8 billion ($1.26 billion) as it priced the world's largest initial public offering in nine months toward the low end of an offering range, sources close to the sale said on Thursday.

The Chilean government held an initiation ceremony last Thursday for the Shanghai World Expo in 2010 and said it would soon unveil the design of its national pavilion. Chilean President Chilean President Michelle Bachelet said at the ceremony that Chile hoped to send a message to the Chinese people with its decision to participate in the Shanghai Expo and build an independent pavilion that Chile is a reliable and capable partner. Chile is the only Latin American country to build an independent pavilion, which will be named "Sprout of New City" and cover an area of 2,000 square meters.

The World Expo 2010, with the theme of "Better City, Better Life," will be held from May 1 to Oct. 31 next year and is expected to attract 70 million visitors.

Premier Wen Jiabao and his visiting Japanese counterpart Taro Aso last Wednesday pledged to join hands to deal with the global financial crisis. The two countries agreed that:

A Japan-China Plan for Comprehensive Cooperation in Environment and Energy Conservation will be launched.

The China-Japan-Level Economic Dialogue will be held on June 7 in Tokyo.

Japan will open to individual Chinese tourists in July, while regular charter flights between Tokyo and Beijing will start in October.

A Chinese consulate will be opened in Niigata.

A telecom deal this month will largely help Japan's 3G mobile phones enter the Chinese market.

(China Daily 05/04/2009 page1)