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The China-ASEAN Free Trade Area (CAFTA) will not harm the interests of ASEAN nations, but rather spur bilateral trade between the two regions, said government officials and experts yesterday.

The central government will crack down on the hoarding of undeveloped land in an effort to tackle rising property costs, officials from the Ministry of Land and Resources said.

The yellow metal's allure as a solid, tangible, intrinsically valuable store of wealth seems to be growing further in China with the nation soon set to surpass India as the biggest consumer.

The average monthly salary for graduates in Beijing is expected to rise from 2,655 yuan in 2009 to 2,815 yuan in 2010, according to a survey released by Zhaopin salary data research center last month.

Funds raised through China's IPOs will soar 73 percent to exceed 320 billion yuan this year as firms expect IPO markets in Shanghai and Shenzhen to continue to pick up in the first half of 2010, PricewaterhouseCoopers (PwC) said in a report.

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