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SHANGHAI will support construction of large e-commerce platforms similar to Taobao.com in a bid to create a national e-business model and accelerate the city's growth into a global trading center.
Italian luxury goods maker sees five times demand for public offeringItalian fashion house Prada SpA, which is seeking to raise up to .6 billion through a Hong Kong initial public offering, has generated five times demand for its offer, a source familiar with the matter told Reuters.
SHANGHAI ranks second, after Guangzhou, for its quality of life among 30 Chinese provincial capitals and municipalities, according to a report released yesterday.However, the city ranks 20th in people's satisfaction with the cost of living.
The economy will maintain its high growth levels and the government still has plenty of room to further tighten monetary policy, World Bank economists said on Wednesday.

The economy is predicted to grow by 9.3 percent this year, before slowing to 8.7 percent in 2012 and 8.8 percent in 2013, the World Bank forecast in its twice-yearly report, Global Economic Prospects, released on Wednesday.
Italian luxury goods retailer Salvatore Ferragamo has been expanding its business globally and Asia has been good to Ferragamo, accounting for 51% of sales in 2010.In recent years, China, in particular, has been a key driver to sales growth. The Florence-based company has 50 stores in 32 mainland cities in China. The company plans to open seven to nine stores in lower-tier cities this year.As par
The China Banking Regulatory Commission (CBRC) on Tuesday announced a series of favorable policies for lenders to offer more loans to small-scale enterprises.The move is designed to alleviate the financial pressure on smaller businesses against the background of the nation's monetary-tightening policies.
Traditionally, sales of high-end products do not occur at home, but that's coming to an end if some entrepreneurs have their way.

Many television shopping programs have sprung up in recent years, and rather than selling cheap goods, they are moving upmarket to sell gold, cars, even houses.
FLIMSY plastic bags offered free at many food markets and snack stalls are substandard and may affect people's health, according to quality watchdogs.A large number of these bags - the thickness of which was below the national standard of 0.025 millimeters - were seized during recent spot checks by the city's quality supervisory department.

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