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Hong Kong's ambition to become an offshore yuan center is a step closer thanks to recent central government moves to expand the yuan's international role. Page 4

Enterprises in northeastern Liaoning province, one of China's old industrial bases, are focusing on industrial upgrading and innovation, hoping it will treat its economic woes. Page 5

Toshiro Kisaka, chairman of Panasonic Corporation of China, laid out the company's plan for more ecofriendly operations a week before the start of the Panasonic Group Environmental Forum 2009 in Beijing on May 19. Page 6

China is the NBA's largest international market and has grown at an annual pace of 30 to 40 percent in recent years.Page 7

Although it is the most-watched sport in the United States, American football receives scant attention in China.Page 7

Managers of Beijing's National Stadium face the enormous task of recouping the initial investment of billions of yuan and covering the high maintenance costs. Page 8

Golf sponsorship in China appears to have escaped the worst effects of the economic downturn which has seen ADT insurers and USB pull out of tournaments elsewhere. Page 8

The success of the big screen version of the Chinese cartoon Pleasant Goat and Big Big Wolf is a shot in the arm for the domestic animation industry. Page 9

(China Daily 05/18/2009 page1)