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After serving as an economist for Her Majesty's Treasury -- as it is still known in the United Kingdom -- Robin Bew fully understands the pressure on economists who choose to practice the "dismal science". Page 2

A fast-growing shipyard in China has built the world's first "round" deepwater drilling rig, which can pump out oil even from freezing seawaters. Page 3

Over the past 20 years, Borge Ousland has traveled to the far reaches of the earth, crossing both the Arctic and Antarctica on solo explorations, and has witnessed climate change along the way. Page 3

Several State-owned listed companies now able to unlock the price of their initial public offerings, or IPOs, generally are buoyed by news that the national pension fund will take over part of their shares and hold them for three years.Page 4

Nine months after China Merchants Bank (CMB) made headlines in its buyout of Wing Lung Bank in a massive 36.3 billion yuan deal, the market remains puzzled over whether the 75-year-old family-run Hong Kong lender deserved such a high price. Page 4

China's e-commerce market has long been dominated by Alibaba.com, which connects millions of Chinese exporters with overseas buyers. Page 5

Powerful trade arbitration organizations can indirectly aid the flow of foreign investment into a nation. Page 5

Dell Inc, the world's second-largest PC maker, plans to devote more resources to the small- and medium-sized business (SMB) segment in China. Page 6

Sandvik Coromant, a global leader in metal cutting tools technology, sees the current economic downturn as an opportunity to gain more market share globally and in China. Page 6

Executives of Starwood Hotels & Resorts Worldwide Inc hope an oversupply of rooms this year will normalize in countries like China by 2011.Page 7

Cheung Kong Graduate School of Business Dean Xiang Bing is planning to introduce modern management philosophies to the philanthropic arena. Page 8

Chinese pharmaceutical companies could take a lesson in the value of intellectual property from Swiss drug maker Roche, which turned a common Chinese herb into the flu fighter Tamiflu, then made money hand over fist. Page 9

Shihezi, about 150 km from Urumqi, the capital of Xinjiang Uygur autonomous region, is one of several new cities created by Bingtuan soldiers. Page 10

China's central bank last week released a rule permitting companies in selected cities to conduct cross-border trades using the yuan, as part of efforts to reduce reliance on its US dollar for international trade.

China Mobile, the world's biggest mobile phone carrier by users, may buy equity stakes in the country's biggest commercial bank ICBC, in a move encouraged by the State-owned Assets Supervision and Administration Commission, the country's top State asset watchdog.

(China Daily 07/06/2009 page1)