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Updated: 2009-05-11 07:58
(China Daily)

The spread of A(H1N1) virus, initially known as swine flu, has hurt Chinese investors' hopes for a rebound in the value of wealth management products at Chinese banks. Page 4

Despite efforts by AIA and other subsidiary firms under the AIG umbrella to protect their brand names, AIG's collapse is affecting their business in China. Page 4

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Hefei is now poised to join its well-off neighboring cities, such as Shanghai, Hangzhou and Suzhou, all of which have benefited from a closer relationship with the rest of the world. Page 5

Chinese exporters are looking to the domestic market to sell their products as global economic gloom takes a toll on their overseas orders. Page 6

The decline in participants at the Canton Fair might be not just due to the poor economic climate, but also because of booming online marketplaces. Page 6

The world's largest general merchandise trade hub is not immune to the crisis. Page 7

Many Chinese shipyards have managed to stay in business but the future looks bleak as the slump in commodities trading hits demand for new ships. Page 7

Coca-Cola is set to abandon its attempts to take over Huiyan Juice Group, China Daily can reveal. Page 8

China's love affair with fast food continues unabated, even though it can cost up to 40 percent more than local alternatives. Page 8

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Joshua Felman, assistant director of IMF's Asia and Pacific Department, said China's economy seemed to be rebounding, but not enough to boost the rest of Asia, where the outlook remained "mixed" despite signs of stability. Felman said Friday more fiscal stimulus could be needed in parts of the region to attack the financial crisis, but he said fiscal reserves across Asia were generally high.

Chinese State-owned aluminum maker Chinalco may be willing to go ahead with a $19.5 billion tie-up with Rio Tinto even if Australian regulators say it can't take a stake in a major Rio iron ore mine, Reuters quoted sources familiar with the deal as saying on Thursday.

(China Daily 05/11/2009 page1)

 
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