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Citigroup projects that China's GDP growth will reach 9.8 percent next year, and that inflation might reach 3.2 percent. But that level of inflation is not enough to trigger monetary tightening, says Shen Minggao, Citigroup's Hong Kong-based chief economist for Greater China.Page 2

From HSBC to Citigroup to Standard Chartered Bank, overseas-based financial services institutions chose Shanghai to set up their China base of operations after the country joined the World Trade Organization in 2001 and gradually lifted its restrictions on foreign banking financial operations. Page 3

China's entry into the World Trade Organization has had a far-reaching effect on the country's fast-growing high technology sector. Page 3

Private equity fundraising and investments rebounded in the third quarter, with renminbi funds leading the trend, according to a new report from Zero2IPO, a Beijing-based company specializing in venture capital and PE research, consultation and investment. Page 4

China's top banking regulators are considering a consumer protection plan to ensure that customers are treated fairly when receiving services from domestic banks. Page 4

Wuxi, a picturesque city that lies along the Taihu Lake resort, is planning to build a "little India" in years to come with its focus on service outsourcing. Page 5

Thrane & Thrane is going to set up regional workshop stations in China as part of its bid to provide more mobile communications services and equipment to the country. Page 8

An increasing number of wealthy people in China have diverted their attentions to some uncommon hobbies. Zhao Xigang, a business owner in Zhejiang province, is one of them. He's turning his hobby into a new business.Page 8

The US state of Tennessee, China's fastest-growing trading partner in the United States, is stepping up its efforts to court Chinese investments and also form new business partnerships. Page 8

It's not big, but Hanwang Technology, China's leading handwriting recognition company, is dreaming big. "Our vision is to be one of the top 500 companies in the world," says Liu Yingjian, founder and chairman of Hanwang. Page 8

Wu Guomin profited for at least a decade by producing lamps under the big brands of "Philips" or "Wipro". But that was before the financial crisis. Now the company has created its own brand. Page 9

Thanks to "Soaring with Your Dream", an aerospace science and education project sponsored by Boeing Co, students are learning about aerospace and also how to make model airplanes from paper, straws and tape. Page 10

As part of Snow Breweries' five-year, 10 million yuan social program to promote knowledge and appreciation of traditional Chinese architecture, the first session of the Chinese Historical Architecture Photographic Contest successfully closed in Beijing recently. Page 10

The State Council, China's cabinet, gave its first clear signal on Oct 22 that it was considering a tighter monetary policy. The State Council said that policy should focus both on managing inflationary expectations, as well as securing steady economic growth, and that the recovery had been "consolidated". Page 12

(China Daily 11/02/2009 page1)