China

Financial News

Chinese Export Growth Slowed to 22% in April, Easing Pressure on Currency China's export growth cooled in April and the trade surplus was little changed as economies around the world weakened, giving the government room to maintain a slower pace of yuan gains.

Stocks Fall in China, Reversing Gain; Builders Drop on Possible Tightening China's stocks fell, driving the benchmark index to its first weekly loss in three weeks, on concern a report will show inflation accelerated and prompt the government to boost measures to cool growth.

China Will Stick With Tight Monetary Policy, Vice Premier Wang Qishan Says China will maintain a tight monetary policy to cool price increases and prevent economic overheating, Vice Premier Wang Qishan said.

Rice Gains for Sixth Day, Nears Record, After Damage From Myanmar Typhoon Rice rose, heading for the biggest weekly gain since reaching a record last month, as Nigeria and the Philippines sought to buy more, further straining global supplies after a cyclone devastated crops in Myanmar.

Soaring Food Costs Probably Kept Chinese Inflation at About 11-Year High China's inflation probably stayed near the highest level in more than 11 years, highlighting the government's challenge of dousing prices without triggering a slump in the economy.

China April Car Sales Grow 11%, Least in Year, on Inflation, Stocks Slump China's passenger-car sales rose 11 percent in April, the slowest pace in at least a year, as a falling stock market and surging inflation crimped spending.

China Is `Actively' Preparing for Margin Trading, Short-Selling, CSRC Says China is preparing to allow margin trading and short selling, Shang Fulin, chairman of the China Securities Regulatory Commission, said today.

Lujiazui's First-Half Net Income May Rise 50% on Land Sales; Shares Gain Shanghai Lujiazui Finance & Trade Zone Development Co. rose the most in about three weeks in Shanghai trading after saying first-half profit may climb by more than 50 percent as the company swaps land to set up a venture.

General News

China Hand, Foot and Mouth Disease Death Toll Rises to 34, Xinhua Reports China's death toll from hand, foot and mouth disease climbed to 34, after two more children died in Anhui province, Xinhua News Agency said today, citing Gao Kaiyan, head of Anhui's provincial health department.

Three Chinese Engineering Workers Abducted in Nigeria's South, Xinhua Says Three Chinese employees of China Civil Engineering Construction Corp. were kidnapped on May 6 in southern Nigeria, the official Xinhua News Agency reported.

Dalai Lama `Disappointed' German Foreign Minister Won't Meet Him on Visit The Dalai Lama's government-in-exile said it was ``disappointed'' that German Foreign Minister Frank- Walter Steinmeier won't meet with the Tibetan spiritual leader when he visits Germany next week.

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