No. 344, Dec 3(2)

By English edition staff
Published: 2007-12-03

Environmental Watchdogs Anxious as Refinery Moves to Binhai
From Nation, page 12
The State Environmental Protection Administration is anxious over a new million-ton oil refinery that is moving to the Binhai coast. The newly established district is part of the northeast's industrialization belt, where such industry is encouraged in order to boost economic growth. Other refiners are planning to move there as well.
Original article: [Chinese]

Law Should be the only Limit to Journalists
From Comments, page 16
Liu Bo argues that only law should limit what journalists report on and how they report, and draws lessons and inspiration from the West.
Original article: [Chinese]

Awaiting New Regulations on Joint-Venture
Money & Investment, page 17
Regulations concerning the founding of joint venture securities firms with foreign skate are expected to be out soon, sources say. The new ruling is to cover issues like shareholding proportion, licensing, and parameters for business operations. It comes as part of the commitments made by the Chinese government during last year's Sino-US Strategic Economy Dialog to further open up its financial market, including the relaxation of a ban imposed on foreign securities firms' entrance to the Chinese market.
Original article: [Chinese]

PetroChina's Crashing Value
Money & Investment, page 19
A conspiracy theory is brewing as stock prices of PetroChina continue a downwards spiral, hitting a new low of 31.52 yuan. The company was once ranked the aEUR?most valuable in AsiaaEUR?, with its share opening at 48.6 yuan on the first day of listing in mainland. But share value had shed 35.14% within the last 20 trading days, causing widespread losses among individual investors. Accusations of market conspiracy and media campaigns are behind the dramatic stock price crash, which is anticipated to hit 25 yuan.
[Full English translation forthcoming]
Original article: [Chinese] 

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