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The regulator said it began to probe the company on July 28 after receiving complaints. [Nan Shan/China Daily]

The China Securities Regulatory Commission (CSRC) yesterday said it was conducting a full investigation of liquor maker Wuliangye Yibin Co for incomplete and inaccurate information disclosure.
According to the CSRC, Wuliangye made the revenue of one subsidiary 1 billion [...]

China plans to progressively carry out next year a zero-tariff policy on 95 percent of imports from least developed countries, the Ministry of Commerce said Wednesday.
The ministry said this move aimed to increase exports to China from these countries. But it did not elaborate which imports would enjoy the favorable policy.
The ministry also presented an [...]

As the worst financial crisis since the 1930s continues, a call for international financial reform has been dominating headlines for more than a year.
More obstacles, including the coordination of reforms, have begun to emerge despite the resumption of economic growth.
Charles Dallara, managing director of the Institute of International Finance (IIF), says coordination was crucial to [...]

People’s Insuance Company of China (PICC), the nation’s largest insurance conglomerate, has transformed from a solely state-owned company to a state-controlled shareholding insurer, the company said Thursday.
The new company is set up with a registration capital of 30.6 billion yuan (4.5 billion U.S. dollars).
(Xinhua News Agency September 24, 2009)

Wuliangye Yibin Co., one of China’s top liquor makers, was temporarily suspended from trading Thursday because it had violated disclosure rules, says a statement on the web site of the Shenzhen Stock Exchange Thursday.
The liquor maker did not properly disclose securities investment losses and was found to have discrepancies in its reported core business revenue, [...]

Shanghai will start construction of its Hongqiao Business Park next year in an effort to create a major new engine for economic growth.
“Building the business park is a strategic move for Shanghai to become a global trade center by 2020 and a gateway to the Yangtze River Delta region for traders and investors,” Xue Quanrong, [...]

Despite the global downturn, the H1N1 flu epidemic and a fast-developing high-speed rail network, China’s domestic airline traffic is expected to expand fast, with an annual growth rate of 8.2 percent in the next 20 years, the Aviation Industry Corporation of China (AVIC) said.
The latest annual forecast released yesterday showed that China would need 3,796 [...]

Kunshan export processing zone (EPZ) in east China’s Jiangsu Province saw export volume up 9.3 percent during the first eight months this year, according to the General Administration of Customs (GAC) Wednesday.
The export volume of Kunshan EPZ, which covers 1.86 sq. km, stood at 16.53 billion U.S. dollars by September this year, GAC said.
The Zone [...]

Visitors at the AVIC booth during the Aviation Expo/China 2009 in Beijing. [Zhang Wei/China Daily]

Aviation Industry Corporation of China (AVIC), China’s top aircraft manufacturer, announced cooperation plans with Safran and GE yesterday, aimed chiefly at boosting the country’s homemade jumbo jet program.
The C919, China’s largest domestically manufactured jetliner that is expected to take off in [...]

Copper drifted lower yesterday as investors looked past a weaker US dollar, worried that scant demand outside China would stall a run-up that has more than doubled the metal’s price this year.
The greenback’s slump to one-year lows against the euro, which makes commodities cheaper for holders of other currencies, helped copper post modest gains earlier [...]