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Despite the sluggish demand from overseas, China will probably surpass Germany as the world's largest exporter in 2009, said the Ministry of Commerce.

The MOFCOM also predicted the exports in 2009 will drop by 16.5 percent from a year earlier, which means that the nation is expected to export goods worth $1.19 trillion in 2009 and that December is expected to witness the first year-on-year gro
The problem of overcapacity in China had no relation to the central government's investment in the 4-trillion-yuan (585.6 billion U.S. dollars) stimulus package, Premier Wen Jiabao said Sunday during an exclusive interview with Xinhua.

"I can guarantee that the 1.18-trillion-yuan investment the central government planned for 2009-2010 has not been and will not be spent on any industrial projec
Taxation is a major measure to pool financial revenue and boost social and economic development, and it also plays an important role in adjusting income distribution and improving people's livelihood, Li said.

He urged better collection and use of tax to ensure livelihood of people with low income and support agriculture and the development in remote, poor areas.
China would not yield to pressure for the appreciation of its currency yuan, or renminbi, in any form, Chinese Premier Wen Jiabao said Sunday.

"A stable Chinese currency is conducive to the international community," Wen told Xinhua in an exclusive interview.
CHINA'S biggest retailer, Shanghai Bailian Group Co, yesterday launched its first online shop after investing an initial 70 million yuan (US$10.3 million) as it seeks to build the nation's biggest online department...




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