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Chen Dongqi, vice-president of the Macroeconomic Research Academy of the National Development and Reform Commission, sets out his version of the V-shaped recovery he expects to see in China's economy. Page 2

The May 12 earthquake leaves villagers with a bitter legacy in southwestern China. Page 3

Allowing more Chinese companies to trade in the international futures market is a better solution to protect State-owned enterprises from potential losses in overseas derivatives trading than simply blaming the investment banks that offer these products. Page 4

Hebei Iron and Steel Group took its first steps toward meeting its goal of closing 1.7 million tons of outdated capacity this year. Page 5

Mergers have allowed Lufthansa to become more competitive, said Arved von zur Muehlen, managing director for Greater China of Lufthansa German Airlines Group. Page 6

Demand is booming among parents of newly born children for help in caring for their offspring. Page 7

US President Barack Obama will visit China in November and the two sides are likely to sign a treaty to explore opportunities in clean energy cooperation. "We are in the process of working on a deal the US President will sign when he visits China in November," Stan Barer, co-chair of the US-China Clean Energy Forum, said at a meeting to discuss the cooperation agenda last week in Beijing.

China's steel pipe exporters are likely to appeal against the anti-dumping investigation initiated by the United States, as it may lead to the imposition of steep duties on several steel products.

(China Daily 06/01/2009 page1)