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  <title>Shanghai Daily: Business</title> 
  <link>
  	http://www.shanghaidaily.com/article/list.asp?id=8
  </link> 
  <description>Shanghai Daily Business</description> 
  <language>en</language> 


<item>
	<title>Stocks climb for 3rd day as financial shares rise</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430966.htm
	</link>
	<pubDate>2010-3-12 8:04:20</pubDate> 
	<category>Securities</category> 
	<author></author>
	<description><![CDATA[A RALLY in financial stocks yesterday helped the market extend its grind higher to a third day.
 
The Standard &amp; Poor's 500 index cleared an important hurdle watched by traders when it closed just above its January...]]></description>
</item>

<item>
	<title>Oil prices hold steady around US$82</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430965.htm
	</link>
	<pubDate>2010-3-12 8:01:37</pubDate> 
	<category>Energy</category> 
	<author></author>
	<description><![CDATA[OIL prices stayed put, just above US$82 yesterday, as investors mulled demand uncertainties and a government report that showed America's huge natural gas reserves shrank a little last week.
 
Benchmark crude for...]]></description>
</item>

<item>
	<title>Productive spurt puts economy in 'overdrive'</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430963.htm
	</link>
	<pubDate>2010-3-12 0:49:17</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430963.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-12/20100312_430963_02.jpg" border="0" /></a><br>CHINA'S economy grew even more bullish in February, with rising industrial production, investments, retail sales and trade.
 
However, the approval of new loans dropped sharply and consumer and producer prices advanced...]]></description>
</item>

<item>
	<title>Mortgage lending falls over 50%</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430942.htm
	</link>
	<pubDate>2010-3-12 0:26:10</pubDate> 
	<category>Banking</category> 
	<author>Maggie Zhang</author>
	<description><![CDATA[NEW individual mortgages fell more than half in Shanghai in February as home buyers sat on the sidelines during the Spring Festival holiday.
 
Banks in the city extended 7.86 billion yuan (US$1.15 billion) of individual...]]></description>
</item>

<item>
	<title>Curbs on rise in loans hit new credit</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430941.htm
	</link>
	<pubDate>2010-3-12 0:25:02</pubDate> 
	<category>Banking</category> 
	<author>Zhang Fengming</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430941.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-12/20100312_430941_02.jpg" border="0" /></a><br>NEW credit in China in February fell on government moves to limit lending growth to avoid overheating, according to the latest monthly economic data.
 
Banks in China extended 700.1 billion yuan (US$103 billion)...]]></description>
</item>

<item>
	<title>NPL Ratio Of China's 5 Big Banks Drops To 1.8%</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430940.htm
	</link>
	<pubDate>2010-3-12 0:24:18</pubDate> 
	<category>Banking</category> 
	<author></author>
	<description><![CDATA[THE non-performing loan ratio of China's five major banks shed 1 percentage point from the start of 2009 to 1.8 percent at the end of the year, the China Banking Regulatory Commission said yesterday.
 
Their combined...]]></description>
</item>

<item>
	<title>Subsidies and higher prices lift retail sales</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430939.htm
	</link>
	<pubDate>2010-3-12 0:23:48</pubDate> 
	<category>Retail</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430939.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-12/20100312_430939_02.jpg" border="0" /></a><br>CHINA'S retail sales grew steadily in the first two months of this year, bolstered by renewed subsidies for buyers of auto and home appliances and also higher consumer prices.
 
Some analysts expected a faster growth...]]></description>
</item>

<item>
	<title>Shanghai's Factories Shine</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430938.htm
	</link>
	<pubDate>2010-3-12 0:23:14</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Joy Wang</author>
	<description><![CDATA[SHANGHAI'S industrial production jumped 17.5 percent in February from a year earlier to 182.1 billion yuan (US$26.6 billion), the Shanghai Statistics Bureau said yesterday.
 
Output in state-owned enterprises rose...]]></description>
</item>

<item>
	<title>Industrial output gives weight to recovery on track</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430937.htm
	</link>
	<pubDate>2010-3-12 0:22:41</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Winny Wang</author>
	<description><![CDATA[CHINA'S industrial output growth accelerated in the first two months of this year, signaling a consolidated recovery, the National Bureau of Statistics said yesterday. 
 
Industrial output expanded 20.7 percent...]]></description>
</item>

<item>
	<title>Standing tall</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430936.htm
	</link>
	<pubDate>2010-3-12 0:11:43</pubDate> 
	<category>Business</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430936.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-12/20100312_430936_03.jpg" border="0" /></a><br>]]></description>
</item>

<item>
	<title>Take aim and shoot</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430975.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Business</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430975.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-12/20100312_430975_02.jpg" border="0" /></a><br>]]></description>
</item>

<item>
	<title>Samsung launches 3D home TV</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430976.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Business</category> 
	<author></author>
	<description><![CDATA[<a href="
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430976.htm"><img src="http://www.shanghaidaily.com/NewsImage/2010/2010-03/2010-03-12/20100312_430976_02.jpg" border="0" /></a><br>]]></description>
</item>

<item>
	<title>CSRC identifies 5 main tasks</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430901.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Securities</category> 
	<author>Winny Wang</author>
	<description><![CDATA[THE securities regulator will work toward getting overseas companies to list on the Chinese mainland as part of its five key tasks, the head of the China Securities Regulatory Commission said in Beijing on Wednesday.
...]]></description>
</item>

<item>
	<title>Investors worry over tighter policies</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430902.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Securities</category> 
	<author>Donny Kwok and Claire Zhang</author>
	<description><![CDATA[HONG Kong stocks ended marginally firmer yesterday as worries over monetary tightening weighed after the latest economic data from the Chinese mainland showed a pick-up in inflation.
 
In Hong Kong, buying interest...]]></description>
</item>

<item>
	<title>Index flat as data see mixed response</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430905.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Securities</category> 
	<author>Pan Xiaoyi</author>
	<description><![CDATA[SHANGHAI'S key stock index closed almost flat yesterday as investors were mixed toward China's February economic data that beat expectations. 
 
The Shanghai Composite Index added 0.08 percent, or 2.36 points,...]]></description>
</item>

<item>
	<title>BOC seeks more shares in HK</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430926.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Banking</category> 
	<author>George Chen</author>
	<description><![CDATA[THE Bank of China, one of the country's big four state lenders, said it wants to issue more shares in Hong Kong soon, an offering that could strengthen its balance sheet by some US$7.7 billion.
 
Many of China's...]]></description>
</item>

<item>
	<title>BP snaps up Devon's oil rights</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430900.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Energy</category> 
	<author>Robert Barr</author>
	<description><![CDATA[OIL company BP Plc said yesterday it will pay US$7 billion to acquire exploration rights from United States-based Devon Energy Corp to strengthen BP's dominant position in the Gulf of Mexico and give it access to...]]></description>
</item>

<item>
	<title>Airlines return to form, says IATA</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430898.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Airlines and airports</category> 
	<author></author>
	<description><![CDATA[AIRLINES are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said yesterday, halving its forecast for a 2010 loss.
 
With capacity for both...]]></description>
</item>

<item>
	<title>Rising to the virus challenge with center</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430903.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Information industry</category> 
	<author>Zhu Shenshen</author>
	<description><![CDATA[BEIJING Rising International Software Co will open a cloud computing security center on Monday, the largest of its kind in Asia, the Internet security firm said yesterday.
 
With a total investment of 130 million...]]></description>
</item>

<item>
	<title>Japan posts weaker recovery</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430897.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Tomoko A. Hosaka</author>
	<description><![CDATA[JAPAN'S economic growth was weaker than first estimated in the fourth quarter, underscoring a patchy recovery in the world's No. 2 economy.
 
Gross domestic product expanded at an annual pace of 3.8 percent in...]]></description>
</item>

<item>
	<title>Land fee rises to 20% of price</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430925.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Real estate</category> 
	<author>Cao Qian</author>
	<description><![CDATA[CHINA requires developers to pay 20 percent of a land parcel's starting price as deposit when they bid for it, the second time in three months the central government has tried to regulate the land sector to rein in...]]></description>
</item>

<item>
	<title>China set to propel travel boom</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430904.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Hotel and tourism</category> 
	<author></author>
	<description><![CDATA[ALTHOUGH the financial crisis of 2009 greatly affected all sectors of the travel industry, the World Travel Trends report released in Berlin predicted a slight recovery for some regions, including signs of a strong...]]></description>
</item>

<item>
	<title>Watchdog's report attacks US bailout of GMAC</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100312/article_430899.htm
	</link>
	<pubDate>2010-3-12</pubDate> 
	<category>Automobile</category> 
	<author>Daniel Wagner</author>
	<description><![CDATA[THE United States Treasury Department sank billions into auto finance giant GMAC Inc without an exit strategy or proof the company was viable - a decision that could cost taxpayers US$6.3 billion, a new watchdog report...]]></description>
</item>

<item>
	<title>Shanghai index closes flat at 3,051</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100311/article_430879.htm
	</link>
	<pubDate>2010-3-11 16:30:12</pubDate> 
	<category>Securities</category> 
	<author>Joyce Pan</author>
	<description><![CDATA[SHANGHAI'S key stock index remained almost flat today as shares showed mixed responses towards better than expected economic data in February. 
 
The benchmark Shanghai Composite Index added 0.08 percent, or 2.36...]]></description>
</item>

<item>
	<title>New loans halve in February</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100311/article_430876.htm
	</link>
	<pubDate>2010-3-11 16:08:40</pubDate> 
	<category>Banking</category> 
	<author>Zhang Fengming</author>
	<description><![CDATA[CHINA'S new loans fell in February as the government moved to limit lending growth to avoid overheating in the economy.
 
Banks in China extended 700.1 billion yuan (US$103 billion) of yuan-backed loans last month,...]]></description>
</item>

<item>
	<title>Healthy figures for China's Jan-Feb growth</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100311/article_430875.htm
	</link>
	<pubDate>2010-3-11 15:40:54</pubDate> 
	<category>Macro-economy and policy</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[CHINA'S economy grew more bullish in February, with rising industrial production, steady investment, robust retail sales and surging trade. But new loans fell sharply while prices rose more than expected to a 16-month...]]></description>
</item>

<item>
	<title>China reports new loans of 700 bln yuan in February</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100311/article_430872.htm
	</link>
	<pubDate>2010-3-11 14:00:14</pubDate> 
	<category>Banking</category> 
	<author></author>
	<description><![CDATA[CHINA'S new yuan-denominated lending in February stood at 700.1 billion yuan (US$102.65 billion), half that of January's 1.39 trillion yuan, the People's Bank of China (PBOC, the central bank) said today.
 
China's...]]></description>
</item>

<item>
	<title>Senate passes US$149 bln for jobless aid, tax breaks</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100311/article_430870.htm
	</link>
	<pubDate>2010-3-11 13:53:51</pubDate> 
	<category>Macro-economy and policy</category> 
	<author></author>
	<description><![CDATA[THE US Senate yesterday passed a US$149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November. 
 
The...]]></description>
</item>

<item>
	<title>Mexico's Slim becomes 'world's richest' person</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100311/article_430868.htm
	</link>
	<pubDate>2010-3-11 13:07:31</pubDate> 
	<category>Asset management/M&amp;A</category> 
	<author></author>
	<description><![CDATA[MEXICAN telecom tycoon Carlos Slim is the world's richest person, jumping past Americans Bill Gates and Warren Buffett to become the first person from a developing nation to top the list, according to Forbes magazine.
...]]></description>
</item>

<item>
	<title>Shanghai shares lose as inflation mounts</title> 
	<link>
	
	http://www.shanghaidaily.com/sp/article/2010/201003/20100311/article_430867.htm
	</link>
	<pubDate>2010-3-11 12:30:57</pubDate> 
	<category>Securities</category> 
	<author>Joyce Pan</author>
	<description><![CDATA[SHANGHAI'S key stock index dropped in the morning session as China's inflation reached a 16-month high, adding speculation on an interest rate rise. 
 
The benchmark Shanghai Composite Index lost 0.64 percent,...]]></description>
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