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Wumart Enters Beijing JV

Beijing-based retailer Wumart Stores Inc will establish a joint venture with Beijing Aoshikai Group Co, a traditional grocery operator and food processor, in a bid to further tap the capital's retail sector, according to reports.

Retail Sales Up 15.9% in May

China's retail sales in May climbed 15.9 percent from a year earlier, the National Bureau of Statistics said on Wednesday.

-	Retail Sales of Hotel, Catering Sectors Up 18%
-	Metro Focuses on Top Cities
-	Retail Sales up During May Holiday
-	HK's March Retail Sales up 5 Pct
-	M&As to Rise in Retail Sector
-	Retail Sales of Hotel, Catering Sector up in First Quarter
-	Regulation to Bring Order into Franchise Industry
-	Retail Sales May Rise 14.5 Pct in 2007: Industry Association
-	Fast-moving Consumer Goods Sales Up in China
-	Bear-Eagle Fund to Swoop on Chinese Retailers

-	European Retailer Fashions Outlets in Shanghai
-	Wal-Mart Buys 35% of Retailer
-	Retail Sales of Consumer Goods Hit 220 Bln Yuan During Spring Festival
-	Jingkelong Takes Shoulian Stake
-	Tesco Buying Big in China
-	Rural Women Projected to Provide Consumer Boost
-	Future Rosy for Retail Industry
-	November Retail Sales Up
-	Retail Sales of Consumer Goods to Hit 8.6 Trillion Yuan in 2007
-	Tesco Opens First Outlet in Beijing

-	Retail Sector Promises Jobs for Graduates
-	Wumart Confirms Resignation of Founder and Chairman
-	Retail Sales of Consumer Goods Predicted to Rise 12%
-	German Retail Giant to Expand Business in China
-	Wal-Mart Outbids Rivals for Chinese Stores
-	Wait Almost Over for Banking Regulation
-	Retail Sales to Grow 14% in Coming Years
-	Retail Sales of Consumer Goods Up 13.8% in August
-	HSBC Vows to Provide RMB Services
-	Wal-Mart Sets up First Trade Union in China

-	ABN AMRO Quickens Pace to Expand for Retail RMB
-	Revised Rule Drafted for Foreign Lenders
-	Retail Sales Rise 14% on Back of Increasing Wages
-	China Cuts Retail Prices of 67 Drugs
-	Retail Sales Surge in Golden Week Holiday
-	Guangdong Leads China's Retail Sales
-	Retail Sales Growth Figure Is 'Better Than Expected'
-	Wumart Buys 27.7% Stake in Retailer
-	Total Retail Sales of Consumer Goods to Exceed US$937b
-	Retail Shops to Benefit Shaanxi Villagers

-	Consumer Goods Retail Sales Up 12.5% in Jan-Feb
-	Beijing Hualian Acquires Seiyu Singapore
-	Retail Giant Swallows Rival
-	Hong Kong Hungry for Retail Stock
-	Tesco to Open First Store in Beijing in 2007

July 4, 2007

Currency (Unit:100)

RMB

US dollar

Euro

Japanese yen

HK dollar

British pound

760.07

1034.27

6.2079

97.305

1532.99

Bank of China Quotations

The Third China-ASEAN Business & Investment Summit was held yesterday in Nanning, Guangxi Zhuang Autonomous Region, aiming to promote all-round economic cooperation between China and ASEAN countries and accelerate the development of the China-ASEAN Free Trade Area.

Following is the full text of Chinese Premier Wen Jiabao's speech delivered Tuesday at the opening ceremony of the Third China-ASEAN Business and Investment Summit:

Government	Investment	Hotels
Guilds	Think-tanks	Automakers
SOEs	Financial	Airlines
Development Zones More Categories >>

-	Output of Major Industrial Products
-	Investment by Various Sectors
-	Foreign Direct Investment by Country or Region
-	National Price Index
-	Value of Major Commodity Import
-	Money Supply
-	Exchange Rate and Foreign Exchange Reserve

-	Foreign Market Access Report 2006
-	Statistical Communiqué on Labor and Social Security Undertakings in 2006
-	Communique on Land and Resources of China 2005

-	Law of the People's Republic of China on the People's Bank of China
-	Port Law of the People's Republic of China
-	Law of the People's Republic of China on Commercial Banks
-	Law of the People's Republic of China on Regulation of and Supervision over the Banking Industry
-	Rules for the Implementation of the Patent Law of the People's Republic of China

-	How Does the VAT Works in China?
-	How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
-	What Is the Electrical Fitting in China?

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