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Record lending rates have sparked growing concern that the swelling lending rates are feeding a speculation bubble. Jerry Lou, the Hong Kong-based China strategist for Morgan Stanley, says that bubbles already have formed and that the government likely will not do much about them before the recovery is in full swing. Page 2

The China Banking Regulatory Commission is ordering domestic banks to demand higher interest rates and down payments on mortgages for second-home buyers. Experts and consumers express their views on whether the policies to stabilize real estate prices will be effective. Page 2

In its bid to dominate the global marketplace, drug maker Pfizer Inc has to bet on more than just a mega-merger with Wyeth. They're growing their R&D presence in China, too. Page 3

Royal Bank of Scotland (RBS), which recently redefined its core offerings to the marketplace, now is positioned to focus on its investment banking business in China. Page 3

China's talks with BHP Billiton, Rio Tinto and Vale were clouded this year by Rio Tinto's rejection of a deal with Chinese aluminum firm Chinalco and the country's detention of four Rio Tinto employees accused of stealing State secrets. Page 3

On a hot, humid day in Beijing, the environmental group Greenpeace released a report challenging China's largest power-generation plants. Page 4

On the desk of M.V. Rabade, the chief representative for Indian power developer Adani Power Ltd in China, all the workers featured in the photographs of the company's power generation projects in India are Chinese. Page 4

China's No 1 provider of Chinese font products, Beijing Founder Electronics Co Ltd, has brought consumer goods producer P&G Guangzhou Ltd to court for alleged copyright infringement.Page 9

When it comes to breast cancer, early diagnosis translates into a 90 percent survival rate. A business/charity partnership is building a new screening network. Page 10

(China Daily 08/10/2009 page1)