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CHINA may rein in plans to invest heavily in seven new strategic industries, including high-speed rail and wind power, scaling back cutting-edge projects for industries suffering from old-fashioned problems such as corruption and overcapacity, sources said.The central government originally planned to invest up to US.5 trillion over the next five years in the seven sectors, hoping they would grow
SHANGHAI'S market watchdog has ordered DaVinci Furniture Ltd to stop selling products bearing the Cappelletti brand because of "fake ads" and "unqualified labels."The Shanghai Industrial and Commercial Administrative Bureau has sealed 188 pieces of Cappelletti furniture in the company's warehouse in the city's Qingpu District.Officials said DaVinci's ads usually included exaggerated terms such as
Tourists from selected cities on the Chinese mainland will be able to travel across the Taiwan Straits as individual tourists by the end of June, said a senior mainland negotiator on Wednesday.However, tourism associations on both sides of the Straits need time to finalize the details and exchange documents before the policy officially takes effect, said Zheng Lizhong, vice-president of the Assoc
US fast food chain McDonald's Corp told the Global Times Wednesday that it has stopped sourcing chicken from beleaguered Shandong-based Liuhe Group Co, one of the largest chicken suppliers in China, after a Liuhe factory was shut down for selling chickens with excessive antibiotic residues.

"Liuhe is a secondary supplier to McDonald's (in China). As our responsibility to consumers, McDonald's
The Chinese government has set a target of achieving more than 50 million third-generation (3G) mobile users by the end of 2011 for its homegrown telecommunication standard, but analysts predict the technology may not be the biggest winner in the 3G era.
A lawyer for Zhejiang Aokang Shoes Co, the largest privately owned footwear manufacturer in China, said Monday the firm's victory in a law suit against EU anti-dumping measures offered encouragement for other domestic firms.

"It sets a positive example for domestic firms in their global trade and expansion," Pu Lingchen, who worked on Aokang's case against the EU, told the Global Times Monday.
Jack Ma, chairman and chief executive officer of e-commerce giant Alibaba Group Holding Ltd, said on Tuesday he will step down from the CEO post in May and stay on as chairman.

"I will resign as the chief executive officer on May 10, 2013, and will be fully devoted to the chairman job," the 48-year-old Internet veteran said in an e-mail sent to employees.

Ma said that as chairman he will fo
ZTE Corp plans to invest "several hundred million" dollars in Brazil to make the region its biggest overseas manufacturing base for handsets and tablet computers, China's biggest listed telecommunications equipment maker said yesterday.

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