Edmond Tang / China Daily
Hong Kong Exchanges & Clearing Chief Executive Charles Li poses at the Hong Kong Exchange (HKEx) final results of 2009 and strategic plan 2010-12 press conference yesterday. He said HKEx will work to use the cityˇs unique position as a gateway to China and its established position as an international financial centre to encourage the internationalization of the RMB.
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Harrods in talks to open Shanghai store
By Wang Ying
SHANGHAI — London-based luxury department store Harrods is holding talks with the Shanghai municipal government on the opening of its first store outside the United Kingdom in the historic Bund area.
BaWang shares dive on cancer claims
CHINA DAILY
BEIJING — Shares of Chinese herbal shampoo maker BaWang International Group Holding Ltd tumbled in Hong Kong on Wednesday following a local media report alleging that its products contained a cancer-causing chemical.
Prada denies stake sale reports
Agencies
SHANGHAI — Prada SpA denied a report in Chinese media that said businessman Lu Qiang had acquired 13 percent of the privately held Italian luxury brand.
Currency moves may imperil textile firms
China Daily
BEIJING — Half of China's textile companies risk going to the wall if the yuan appreciates 5 percent against the US dollar, an industry lobby group warned.
International demand jacks up retail rents in Shanghai
China Daily
SHANGHAI — Heated demand from international retailers jacked up the city's retail rents by 6.8 percent in the second quarter from a year earlier, and demand for prime retail space will remain robust particularly with the boost from the ongoing Expo, said analysts.
A tonic for the chronic
China Daily
BEIJING — Guo Zanlong, a physiotherapist from Yinghang Community Health Center in Shanghai's Yangpu district, was glad to offer a door-to-door rehabilitation treatment to a patient suffering from a chronic disease. The patient, in her fifties, has endured paralysis of the left side of her body after suffering a stroke several years ago.