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For the last five years, one of the things in China that has constantly generated despair is its capital market. Finally, analysts say, there is hope that 2006 may be a bullish year.
Since China revalued the yuan by 2.1 percent against the dollar in July and adopted a managed float, it has let the currency rise 0.54 percent against the U.S. currency.
But sales of passenger vehicles, including sedans and sport utility vehicles, jumped 21 percent to nearly 4 million units, the newspaper said, bouncing back from a relatively lackluster rise of 15 percent in 2004. In 2003, sales almost doubled.
Jessica Simpson followed Olsen. Though her Daisy Dukes shorts landed her on the pages of numerous magazines, Mr. Blackwell said she "resembles a cut-rate Rapunzel - slingin' hash in a Vegas diner."
China's customs revenue hit a record high of 527.8 billion yuan (US$65.4 billion) in 2005, said sources with the country's customs agency.
The notice urged government departments to use tax breaks and preferential oil-pricing policies to encourage consumers to buy such cars.
After proceeding cautiously, the Ministry of Information Industry (MII) yesterday told domestic operators to be ready for the rollout of 3G (third generation) mobile telecoms services.
The agreement was confidential and all the sides were satisfied with it since it settled the dispute, according to a statement from Microsoft (Shanghai) Company on Friday. The agreement indicated the end of a five-month wrangle on Lee's job-hopping.
China's State Council, or cabinet, has decided to improve the basic endowment insurance system for enterprise employees around the country, stressing the necessity of paying the pension on time and in full.
Brazilian authorities are investigating national soccer team manager, Carlos Alberto Parreira, for possible money laundering and tax evasion, because links to sports entrepreneurs Reinaldo Pitta and Alexandre Martins,local press said on Tuesday.
Outbound travel by Chinese citizens started in 1997 with destinations consisting merely of Thailand, Singapore, Malaysia, the Philippines as well as China's Hong Kong and Macao. Only 5.32 million Chinese citizens traveled abroad the same year, the official said.
Airbus agreed with Premier Wen Jiabao on Sunday to study the possibility of setting up an assembly line in China -- a move that could see its jets being built outside Europe for the first time.
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