As a crucial driving force of Asia's economic boom, China is attracting more and more of the world's attention in the current era of economic globalization. For centuries China has always been a market that attracts western countries. (Chinanews.cn)

Shanghai's industrial output surged in the first quarter, spurred by strong growth in the electronics and automobiles sectors, the nation's statistics bureau said yesterday. Combined output at the city's industrial enterprises jumped 15 percent on-year to 391 billion yuan (US$48.9 billion) in the three months ending in March, a rate 3.6 percentage points higher than a year earlier, the National Bureau of Statistics said on its Website. (Shanghai Daily)

Since the mid and late 1990s, China has been engaged in a second-round reform of certain monopolized industries. The direction is to loosen controls and introduce as much competition as possible to areas where competition is possible. (Chinanews.cn)

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