»Chinese stocks advanced on the last trading day this year, trimming the
benchmark index’s biggest annual loss since 2008, boosted by
better-than-forecast home sales in the United States.

»The Shanghai Composite Index climbed 25.86 points, or 1.2 percent, to
2,199.42 at the close, its biggest gain in two weeks, while the Shenzhen
Composite edged up by 137.5 points to 8918.82.

»27 countries of the European Union invested a total 4.184 billion U.S. dollar in China in the first nine months this year, down 1.8 percent from the same period of last year, the Ministry of Commerce spokesman Shen Danyang said Wednesday.

»This has been the first time for China abstracting a year-on-year declining sum of direct investment from the European countries.

»China’s trade surplus has narrowed by 18.2 percent in the first half this year despite an expansion in processing trade surplus growth of 19.8 percent, the General Administration of Customs said Sunday.

»The total value of goods both for exports and imports grew 25.8 percent in the first half to 1.7 trillion U.S. dollars, and trade surplus in the same period was 44.93 billion U.S. dollars.

Profits of China's large-scale industrial enterprises rose 32 percent from a year earlier in the first three months to 1.066 trillion yuan, China's National Bureau of Statistics said today.

The measured enterprises are those with annual sales exceeding 20 million yuan each.

Combined revenues of the industrial firms jumped 30.6 percent to 17.45 trillion yuan, the NBS said.

Foreign direct investment in China surged 32.9 percent in March from a year earlier as confidence from overseas remains strong in the world's second-largest economy.

Foreign investments added 12.52 billion U.S. dollars to China's economy in March, the Ministry of Commerce said in a press release today.

FDI in the first three months amounted to 30.34 billion U.S. dollars, up 29.4 percent from the same period of last year, the ministry said.

China's foreign reserves, the world's largest, have become excessive, and would flood the market with liquidity and add pressures to government's sterilization.

China's foreign reserves, the world's largest, have become excessive, and would flood the market with liquidity and add pressures to government's central bank operations that withdraw money from the financial system, Zhou Xiaochuan, governor of the People's Bank of China, said Monday in a comment.

The growth of China's trade with other four members of BRICK, namely Brazil, India, Russia and South Africa, has outpaced that of overall foreign trade in the first quarter this year.

The growth of China's trade with other four members of BRICK, namely Brazil, India, Russia and South Africa, has outpaced that of overall foreign trade in the first quarter this year, with that with India leading the surge.

China's economy grew 9.7 percent in the first quarter of 2011 from a year earlier, while consumer prices hit a 32-month-high of 5.4 percent in March, government data shows today.

（Added in the sixth paragraph former Premier Zeng Peiyan's comment on inflation)

China's economy grew 9.7 percent in the first quarter of 2011 from a year earlier, while consumer prices hit a 32-month-high of 5.4 percent in March, government data shows today.

Boao Forum For Asia Welcomes 10TH Annual Conference

Edible oil producers would be in more difficult straits if price controls persist.

By Caijing Reporter Xu Bin

Chinese Premier Wen Jibao repeated his vow to stabilize the prices by hook or by crook , indicating a growing control over prices this year. However, the fact is that such measures, no matter how they will be presented, will only exacerbate the situation, while the only way to get there will be monetary tightening.