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The G20 Summit is widely regarded as the "first ever serious effort by various nations to overcome the global crisis, despite political and cultural differences".

The Asian Development Bank (ADB) has marked down its forecast on China's year-on-year economic growth to 7 percent from 8.2 percent for this year.

Shares of Chalco dropped heavily Monday on both the Shanghai and Hong Kong bourses after it released a worse-than-expected 2008 earnings report.

Big American and other foreign multinationals are finding it increasingly tough to keep China's rising corporate stars at bay as they fight for market position in the world's fastest -growing market.

At a time when most multinationals are cutting costs and trimming workforce to combat the slowdown, many industry giants said they are still hiring in China.

Biz Unusual

Qing palace sale attracts State companies' interest

A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.

New deal for commercial flights over the Great Wall

Old train tickets and the memory of yesteryear

'Hometowns' battle to claim their celebrities

Equestrian enthusiasts advocate riding horses to work

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Major Markets
Name Value Change Time
Shanghai 2,794.27 -0.58% Thur
Shenzhen 12,392.93 -0.26% Thur
HSI 22,530.18 +0.06% Thur
NIKKEI 10,071.14 -0.11% Thur
Dow 12,719.49 +0.74% Thur
Nasdaq 2,872.66 +1.36% Thur