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China Opposes Politicizing Monetary Issues

China opposes politicizing monetary issues, said central bank governor Zhou Xiaochuan Saturday.

Zhou made the comment when answering a question about the accusation that China manipulates the yuan's exchange rate at a press conference on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.   

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Profits for developers up to 1t yuan in 2009

Deputies to China's top legislature and members of its top advisory body questioned the huge profits of China's real estate developers and said they were making exorbitant profits in the real estate market.

Real estate developers in China earned profits of at least 1 trillion yuan ($146.5 billion) in 2009, said Chen Wanzhi, a deputy to the National People's Congress (NPC), the Oriental Morning Post reported on Thursday.
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American-born Panda to Meet Public in SW China

Tai Shan, a giant panda born in the United States, will greet the public on March 9 at a panda breeding base in southwest China's Sichuan Province.

The 4-year-old male would conclude his one-month quarantine and debut at the the Ya'an Bifeng Gorge Breeding Base of the Wolong Giant Panda Protection and Research Center, said Li Desheng, the center's deputy director.
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Lenovo's overseas income will soar in 2010, says CEO

Lenovo's overseas income will greatly increase in 2010 due to the economic recovery of the overseas market and the company's strategic adjustment, Lenovo CEO Yang Yuanqing said Friday.

The income will be much better than the previous year and the increase may be enough to beat Lenovo's competitors in the overseas market, Yang said.
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China Eximbank not to seek listing

Export-Import Bank of China (China Eximbank) will not seek a listing but will remain a policy lender, the bank's chairman Li Ruogu told chinadaily.com.cn on Thursday.

"We are still awaiting government approval for an injection of cash from Central Huijin Investment Co that would enhance the bank's capital adequacy," Li said when attending the annual session of the CPPCC. "Approval for Huijin to sell bonds to fund the cash injection and for other details of the plan hasn't been given yet."
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Weather shines brightly on future green energy

BEIJING: China's meteorologists are not only forecasting sunshine and rain, they are also reading weather patterns to determine the best locations for establishing wind-based power plants.

The China Meteorological Administration is analyzing data on wind speed and sunshine from across the country.
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Minister of Commerce predicts better exports in 2010

China's exports will be better in 2010 than last year and February's exports saw an increase from the previous month, said Minister of Commerce Chen Deming during the annual session of the country's top advisory body on Wednesday.

The central government will launch several foreign purchase projects this year, Chen said during the third session of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC).
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Minister: State food safety system planned

China is striving to establish a national food safety system in the wake of the 2008 baby milk scandal, Health Minister Chen Zhu said to news portal CRI Online on the sidelines of the annual session of the nation's top political advisory body in Beijing Thursday.
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More aid urged for private Chinese teaching

Teaching Chinese language to foreigners, a prime aspect of culture exports so far dominated by public institutions, should be open to private sectors as well, because they would be less prone to attacks from culture protection radicals, a political advisor told Xinhua.
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Yang Lan Column: Women still hold up half the sky

I have always been reluctant to interview high-ranking Chinese politicians because it's so rare to get a candid statement. No matter what question you ask you will likely get a long-winded and evasive answer, lacking in any detail or color. As for personal flair, you can forget it!
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