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CHINA successfully launched another satellite into space for its indigenous global navigation and positioning network at 11:33 pm yesterday, the launch center said.

The satellite, launched from the Xichang Satellite Launch Center in the southwestern province of Sichuan, was boosted by a Long March-3C carrier rocket.

It was the 16th satellite for the Beidou system, or Compass system.

SHANGHAI'S economic growth picked up in the third quarter, signaling that its economy is bottoming out, even though it's still slightly short of the 8 percent target set for this year, data showed yesterday.

The city's gross domestic product rose 7.4 percent year on year to 1.4 trillion yuan (US$222 billion) in the first three quarters, the Shanghai Statistics Bureau said on its website.

The 18th China Yiwu International Commodities Fair opened Sunday in east China's Zhejiang Province, attracting about 20,000 overseas buyers, organizers said Sunday.

The 5-day fair is being held in Yiwu, a city known for its small commodities trade and vibrant free markets. The fair is expected to attract more than 170,000 buyers, including 20,000 overseas buyers, organizers said.

The fair h
Chinese manufacturers are moving to neighboring Southeast Asian nations or seriously considering moving due to rising wages and shrinking export demand, according to a foreign trade official from the Ministry of Commerce.

In the fields of textiles, garments, shoes and hats, nearly one-third of manufacturers are working" under growing pressure and have moved all or part of their production outs
Chinese foodmaker Yinlu Foods Group has announced plans to spend almost half a billion dollars in the construction of two new factories. The investment will serve to increase capacity by two-thirds.
Western breakfast brands don’t often work in China. They need manipulating to appeal to very different tastes, packaging and format preferences and, of course, another language.
China's economy expanded 7.4 percent year-on-year in the third quarter of 2012, slowing from 7.6 percent in the second quarter and 8.1 percent in the first, the National Bureau of Statistics announced Thursday.

The gross domestic product reached 35.35 trillion yuan ($5.61 trillion) during the first three quarter of 2012, NBS spokesman Sheng Laiyun told a press conference.
China's securities watchdog on Tuesday allowed overseas investors to hold higher stakes in the country's securities firms, its latest effort to relax controls on foreign investment in the financial industry.

Overseas investors can now hold stakes as high as 49 percent in joint-venture securities firms, compared with an investment cap of a third of those companies' equities previously imposed,




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