CORPORATION

Oil Giants to Roll Out New Refineries
Page 25 

Sinopec and China National Petroleum Organization, China's two state-owned oil giants, are expanding their oil refining capabilities. With a total of 30 new refineries each capable of producing ten million tons of oil products per year planned, this will likely ease China's scarcity for finished oil products, but will strengthen their monopoly status in the industry. Their plans first must be approved by the National Development and Reform Commission. 
Original article: [Chinese]   

More Restructuring in Airline Industry
Page 26 
On April 28, China Aviation Corporation I announced that it will be broken up into two privately-owned companies. China Aviation Corporation I's listed subsidiary, This is its biggest restructuring to date and comes in the wake of the domestic airline industry's push for stock market listings. 
Original article: [Chinese]

Carrefour Investigates Staff in Bribery 
Page 29 
A recent Carrefour memo notified employees that an internal probe was being conducted after eight managers and employees in its Beijing division were detained by police on suspicion of accepting bribes. After the charges surfaced, the company has said it will strengthen its emphasis on professional ethics. 
Original article: [Chinese]   

OBSERVER 

Looking Back on 1917
Page 41 
Observer re-examines socialist thought and constitutionalism during the Russian Revolution. 
Original article: [Chinese]