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CHINESE consumers are helping to boost the Swiss watch industry, with exports worth 19.3 billion Swiss francs (US.1 billion) last year, an industry report shows.Hong Kong, the No. 1 market for Swiss watches, contributed 410 million Swiss francs to its global sales, followed by the United States with 190 million Swiss francs and the Chinese mainland with 160 million Swiss francs, the Federation of
Shanghai's development from a manufacturing base into a services center is a natural move for the cosmopolitan city, which has always harbored ambitions to rival New York and London as a global financial hub.
THE eurozone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.

The IMF chopped its 2012 forecast for global growth to 3.3 percent from 4 percent just three months ago, saying the outlook had deteriorated in most regions. It projected world
SHANGHAI will expand the switch to value-added tax for seven industries, raise the pensions of retired and low-income people, improve air-quality monitoring and increase investment for education in 2012, Mayor Han Zheng told the city's top legislative body yesterday.

The disparate measures will help Shanghai continue to drive innovation in its economic growth and improve people's daily lives,
VISITORS can enjoy a lifelike experience of piloting an aircraft on flight stimulators at the Shanghai Aviation Scientific Promotion Museum, which opened yesterday.

Air enthusiasts can experience taking off and landing in the cockpits, which contain simulations of runways at 15,382 airports around the world - including the risky super-short 245-meter runway of Germany's Helgoland Airport.
CITY anti-corruption authorities said yesterday that 377 government staff were investigated in more than 300 graft probes this year.

And the city discipline inspection watchdog said 726 officials received administrative...
CHINA and Japan have agreed to start formal talks early next year on a free trade pact that would also include South Korea, Japanese Prime Minister Yoshihiko Noda said yesterday after talks with Chinese Premier Wen...
A SHANGHAI version of Black Friday was staged at department stores over the weekend as a prelude to the upcoming new year promotions.

Bargain hunters elbowed their way to shelves and cleared out merchandise without even looking at price tags at Printemps Department Store, which launched the first overnight new year promotion in the city at four outlets on Friday.

During a promotion running

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