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Economics & Trade This Week in China

Recommended reading

We suggest checking out the following links:

Shanghai Daily: Tallest building sets priciest office rents – Shanghai’s still underway skyscraper the World Financial Center set a record for pre-leasing rents, at US$3.30 a square meter.

China Hotel and Tourism News: No hotel at Everest base camp . . . yet – With the new railway and highway, surely a hotel is not far off.

China IT News: Yahoo China looks hopefully forward – Jerry Yang’s fortunes and Alibaba’s IPO

SCMP: Wahaha ups ante with plans for lawsuit – “We will sue Danone in reverse, asking for compensation of â�¬2 billion, â�¬3 billion or â�¬5 billion,” Wahaha said. “We already have authentic evidence of Danone’s illegal activities and will pursue the other illegal activities according to the law.”

WSJ: Sinopec Shake-Up Shows Risks of Investing in China – “Bradley Way, a Beijing-based analyst with BNP Paribas, said the Sinopec incident shows the risks of investing in companies that are so closely subject to government policy or high-level management changes that may be imposed from above. ‘This issue under

CER Daily Briefing – The number of officials disciplined for corruption is up 2.4% year-on-year for the first five months of 2007.

Financial Times: China insists on ‘tied aid’ in Africa – Former CER Editor Jamil Anderlini reports that China’s purported US$5 billion African aid fund will be tied exclusively to Chinese investment projects and enterprises there.

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