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Economy

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One week biz news review

By Zhao Tingting (chinadaily.com.cn)
Updated: 2009-07-10 16:18

Headline News
Bank of China transacts first cross-border yuan settlement	COFCO, Hopu to invest in Mengniu Dairy
Stock Market
Policies
	Governments ordered to spend more on health care No cut in vehicle purchase tax this year CIRC lifts ban on investment-linked insurance China to subsidize renewable energy projects Regulator urges banks to be cautious in lending
Investment
China's oil majors mull bids for Iraq oil Huadian Power International buys into coal mines Spanish Repsol unit may sell stake to China's CNPC Wantong in talks to buy Italian luxury yacht maker Datang may sell 20% stake to NSSF
Statistics
	China postal revenue up 13% to $11.2b in H1 Vanke sales up 50% year-on-year in June Chinese home prices rise 0.8% in June Auto sales edge past 6m in H1 Orient Securities posts $135m net profit in H1
People Watch
Court upholds death penalty for airport ex-chief Founder of Skyworth released on bail Shougang executive detained for alleged 'commercial crime'
Views & Analysis
	China's economic recovery isn't firm, rsearcher says Economist: Credit to SMEs key to solid recovery Economy to grow 8% in '09: State Info Center Exporters should be given 'preferential' treatment China's M&A challenge