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Medium-, long-term deposit rates increase

More commercial banks are offering the highest rates legally allowed for medium- and long-term yuan deposits as competitive and liquidity pressures intensify.

Two more companies recall milk products

Concern among Chinese parents over how many companies may be involved in the Fonterra baby formula scare grew on Tuesday, after two more foreign producers issued recalls.

Web 'answer to export woes'

With traditional exports in June having posted the biggest decline since the 2009 global downturn, China aims to promote further growth in cross-border e-commerce, a Ministry of Commerce source said.

New energy vehicles await fuel injection

Like many auto industry executives, Xu Weihan, chief financial officer of Shanghai Gaozhan New Energy Vehicle Sales Services, is anxiously awaiting a new government policy on subsidies for private purchases of plug-in hybrids and electric vehicles.

Private capital needed for Beijing infrastructure

Beijing plans to introduce 130 billion yuan of private capital to build 126 infrastructure projects, the municipal development and reform commission said.

Expansion puts steel mills' financial condition at risk

Domestic steel makers expanded their output blindly in the first half despite sliding profits, which led to a severely unbalanced demand/supply relationship and may damage their financial safety, a report warned on Monday.

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