Wen Reassures Foreign Investors
Premier Wen Jiabao reassured foreign business leaders over the weekend that China's investment climate was stable and said Beijing would not block the export of rare metals needed to manufacture computers and mobile phones. He made the comments whilst meeting German Chancellor Angela Merkel and business leaders from the two countries in Xi'an, the capital of Northwest China's Shaanxi province.


Morgan Stanley Economist Forecasts China's Economy to Expand Over 10% in 2010
Hong Kong-based Morgan Stanley's chief Asia economist, Wang Qing said he was relatively optimistic about China's economic outlook and said the world's third largest economy was expected to expand by more than 10 percent this year.


China's State-owned Enterprises' Profits Increase
Profits at China's state-owned enterprises (SOEs) surged 57.1 percent from a year earlier in the first half of the year. Combined profits at China's SOEs totaled 927.59 billion Yuan ($135.81 billion) in the first six months of 2010. In June alone, SOE profits grew 7.7 percent month on month.


Guangzhou Auto Moves Closer to HK IPO
Guangzhou Automobile Group Co. moved closer to a listing in Hong Kong when shareholders of its Hong Kong unit Denway Motors Ltd approved a buyout offer from the Chinese automaker. A "big proportion" of investors voted in favor of the buyout plan, Denway Chairman said after a shareholders' meeting.

Pan Pearl River Delta Cooperation Begins
The Pan Pearl River Delta will strengthen cooperation in the development of aviation. A strategic action plan was signed, marking the beginning of an airline network connecting Guangdong and other 10 cities in south China, including the cities of Shantou, Fuzhou, Nanchang, Guiling, Sanya, Chengdu and Kunming. At least eight to ten flights will operated between Guangzhou and each of these cities every day.