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Morning China List 2009
1. Economist: new nail in the decoupling theory coffin
  GDP and industrial production data proves that emerging markets grow in tandem with the developed world--and a lot faster.
 

2. China's policy at turning point: experts
  It's high time for China to reconsider its policy toward the Democratic People's Republic of Korea (DPRK), which successfully conducted an underground nuclear test in light of acquiescence by the United States, according to some Chinese analysts.
 

3. Antibiotic controversy stirs China's dairy industry
  The Chinese Health Ministry has recently launched a crackdown on the production and sale of "antibiotic-free milk", labeling the product as misleading consumers.
 

4. Efficiency's urgent cry for attention
  China's economy has squeezed a lot of growth out of liquidity, exports and new infrastructure. It's time to embrace efficiency.
 

5. PetroChina agrees on US$1b deal to buy Singapore stake
  PetroChina Co, Asia's largest oil and gas producer, yesterday said it has agreed to buy Keppel Corp's 45.51-percent stake in Singapore Petroleum Co for S$1.47 billion (US$1.02 billion) in cash, or S$6.25 per share.
 

6. Experts: US underestimates DPRK's nuclear technology
  In an interview with the Global Times website and QQ.com, an expert in international relations believes the announcement of a nuclear test made by the Democratic People's Republic of Korea (DPRK) is not unexpected.
 

7. Sichuan to open quake relics to tourists
  Officials in southwest China's Sichuan Province, where the massive Wenchuan earthquake left more than 87,000 people dead or missing and more than 374,640 injured last year, said Saturday they will open some quake relics to tourists.
 

8. China's robot copter ready for production
  Chinese scientists said Friday their independently developed robot helicopter, which can fly automatically without remote control, was ready for production.
 

9. Hu Jintao calls for powerful air force to fulfil PLA's missions
  Chinese President Hu Jintao urged Friday to build a powerful air force to meet the demands of the People's Liberation Army (PLA) for missions in the 21th century.
 

10. Shenzhen aims to be 5 times bigger
  The government of Shenzhen city has drawn up a blueprint to expand the country's first special economic zone (SEZ) to the whole city--as a restructuring strategy to increase its competitiveness amid the economic downturn.
 

11. Panacea for a pressing healthcare predicament
  Under current circumstance, the role of public welfare provider that Sate-run hospitals should have played has given way to their profit-pursuing impulse.
 

12. China's loan growth may bust target
  China's commitment to a loose monetary policy will likely generate as much as 8 trillion yuan (US$1.17 trillion) in new loans this year--well above the 5 trillion yuan target, analysts said.
 

13. POSCO seeks 50% iron ore price cut
  POSCO, the world No. 4 steelmaker, proposed a 50 percent cut in iron ore prices last Friday, the China Business News reported Monday.
 

14. Double dipping in 2010
  Asset prices have started to climb again, but their rise stems from a bear-market bounce, opening the door for a second global dip in 2010.
 

15. China's fiscal revenue down 0.3% in March
  China's Ministry of Finance (MOF) said Monday that fiscal revenue fell 0.3 percent from a year earlier to 440.22 billion yuan (64.43 billion U.S. dollars) in March.
 

16. 1 missing, 3 rescued after copter crashes
  A helicopter carrying four people crashed into the Yangtze River near Shanghai soon after taking off from an Antarctic expedition ship anchored in the harbor, leaving three injured and the other missing.
 

17. China travelers to U.S. up 28% in Jan
  The appreciating value of the yuan against the dollar has made sightseeing in the U.S. more attractive for Chinese tourists.
 

18. A shift is needed, but not overnight
  China needs to transition from being an export-driven economy to a consumption-driven one, but it cannot happen overnight. Getting through the crisis means finding a middle road.
 

19. Vanke eyes 4% market share by 2014
  China Vanke Co Ltd., the nation's biggest property developer, will endeavor to bring its current 2.34% market share to 4% within 5 years, chairman Wang Shi told a shareholder's meeting held last Friday.
 

20. Executives told to cut their pay
  The Ministry of Finance has imposed a pay cap for top executives at state-owned financial institutions as the financial crisis eroded earnings of such companies in 2008, the ministry said Thursday in a circular on its website.
 

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