After being ignored by investors due to their poor corporate prospects and pressure to trim overcapacity, stocks of steelmakers, cement producers and glass manufacturers began to show signs of a turnaround last week. A gauge that tracks producers of building materials in the A-share market advanced to a nearly one-month high of 2316.55 points last week, buoyed by the government pledge to take further steps to support the economy, including the struggling property sector, a main contributor to GDP growth.
Policymakers in Beijing laid out five priorities for the supply-side reform: unwinding overcapacity, destocking in the property market, deleveraging to avoid more credit defaults, lowering corporate costs, and increasing effective supply by offering more support to companies for technology upgrades and innovation.
That's what shopper Guo Cuiling, 55, did on December 12 at a supermarket in Beijing, to claim a discount of 50 yuan ($7.72) that on offer for users of Alipay Wallet, a mobile payment system backed by China's e-commerce giant Alibaba Group Holding Ltd. Ma Tao, an analyst with the Beijing-based Internet consultancy Analysys International, said the majority of the transactions were generated by e-commerce. China National Machinery Industry Corp (Sinomach) and China Merchants Group, as the main Chinese shareholders, have stepped up the construction of the China-Belarus Industrial Park to turn it into a high-tech industrial area with 180,000 residents within 25 years.
The pork chain has since expanded to 800-odd stores, reaching Beijing, Shanghai, Guangzhou, Shenzhen, Foshan, Zhongshan, Zhuhai and other cities in Pearl River Delta, with annual revenue of more than 1 billion yuan. Assets that were spread across three units are being consolidated into PetroChina Pipelines Co, PetroChina said in a filing to the Shanghai Stock Exchange.


He said the clearance marked a major step in the northwestern province's plans to be part of the key government economic initiative. Jin Wan, a housewife from the provincial capital Xi'an, said she has already been noticing more imported foods being sold in local supermarkets. Huo Da, director of the market department at the CSRC, said the specific listing requirements and rules as well as the trading mechanism are being drafted by the regulator. Beijing-based Anbang was publicly revealed as a Vanke shareholder for the first time on Dec 7, when it increased its holding in the developer's Shenzhen-listed entity to 5 percent, according to a Vanke filing Dec 8. Pharmaceuticals firm Beijing Tongrentang Co dropped 6.9 percent, paring a month-long rally to 45 percent. The eight companies that began their share subscription this week will freeze as much as 1.5 trillion yuan ($230 billion), said China International Capital Corp.
Part of being a mobile church means setting up and tearing down every single week, and for any extra events we do.
The federal agency issued a stern warning that Alibaba's efforts to fight piracy and respond to complaints would be monitored in the coming year.


Alibaba's reluctance to stamp out counterfeiters may stem from a fear of losing customers who seek out such products to other platforms, said AAFA President Juanita Duggan.
Ever the missional mind, Stetzer joins the fray to remind us why not only Halloween, but trick-or-treating itself is a good idea for Christians: 1.
We wrestled with what to have and not have going during this season, and ultimately we felt like knowing that God is the Giver, and that he is in control, gives us the freedom to pause for a few weeks without losing a step. In Beijing, for example, a consumer has 0.5 percent chance of winning a plate in lotteries held every two months. But Paul tells us to allow freedom for other believers to peaceably disagree in things like this, too.



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