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The tallest office tower on the Chinese mainland has slashed its rental price by half in an effort to retain its tenants amid the global financial crisis and gloomy property market.

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Quote

of the Day

In 2009, there is a possibility that China's PPI will temporarily dip into negative territory, given the sharp fall in commodity prices.

--Jing Ulrich, JP Morgan's Managing Director and Chairman of China Equities

Conference Ends with Vow to Maintain Stable Growth
China concluded the annual Central Economic Work Conference Wednesday with pledge to maintain a stable, healthy growth next year through domestic demand expansion and economic restructuring.

China November Consumer Inflation Eases to 2.4 Pct
China's consumer price index (CPI), the main gauge of inflation, rose at a slower annual rate of 2.4 percent in November, the National Bureau of Statistics (NBS) said on Thursday.

EU Summit to Pass Stimulus Plan amid Worsening Meltdown
Despite rifts on minor details, leaders of the European Union are set to pass at the upcoming summit a huge economic stimulus plan unveiled recently to help save the European economy.

White House, Congress Seal Auto Bailout Plan

The White House and the Congressional Democrats have sealed a bill to loan 15 billion dollars to help the country's crippled auto industry to avert bankruptcy, U.S. media said.

World Bank Gives Dire Forecast for World Economy
The global financial crisis will see a marked GDP slowdown everywhere, the World Bank said in a latest forecast released Tuesday.

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Comment & Analysis

Expert: Fuel Tax to Help Save Energy and Protect Environment

• ECB Set to Make Bold Rate Cut to Support Economy

• We Are in A Post-bubble World: Morgan Stanley Economist

• Interest Rate Cuts to Squeeze Bank Margins

• Financial Crisis--Opportunity and Danger--Jiefang Daily

• Bailout Shows Consensus on Mitigating Economic Risks

Editor's Pick

• Asian Market Roundup Dec. 11

• Insiders: Financial Crisis an opportunity for Chinese Enterprises to Optimize Themselves

• Asian Market Roundup Dec. 10

• Job Crunch Packs Grads Back in Schools

• Asian Market Roundup Dec. 09

Weekly Review

This Week in News Dec. 1 - Dec. 7

• EU's Eurostat Confirms Recession in Eurozone

• China, U.S. Agree to Further Energy, Environment Co-op

• China Bank Regulator Urges Risk Control for Rural Financial Institutions

• China Has "Limited Scope" for Yuan Depreciation

• China Economy to Grow over 9 pct in 2009: Think Tank

• China Expands Household Appliance Subsidy Program

Talk to the Executives

Interview with He Ziyun, an Economist with the UIBE

• Interview with Mr. Warren Liu Former Vice President of Business Development of Tricon Greater China

• Interview with Dr. Frank Jurgen Richter, President of Horasis

• Interview with Prof. Zhou Dunren, deputy director of the Shanghai Pudong Institute for the U.S. Economy

• Interview with a Energy Researcher

• Interviews at the World Economic Forum

Special Coverage

5th Sino-US Strategic Economic Dialogue
China and the U.S. started strategic economic dialogue amid the financial crisis.

• 10 Steps to Stimulate Economy

• Worldwide Financial Crisis

• Bertelsmann Retreats in China

• CPI Eases, Prices to Remain High

• China Synfuels Summit 2007

Economics & Politics

• France Implements 10.5-Bln-Euro Bank Rescue Plan

• China's Fiscal Revenue Falls 3.1 Pct in November

• Chinese Stock Prices Down amid Fears of Worsened Economic Slowdown

• China IPOs Dry up as Bubble Bursts

• China November Consumer Inflation Eases to 2.4 Pct

• Domestic Demand Key to Quality and Rapid Growth in 2009: People's Daily

• China's Economy May Regain Growth in 2H 2009: Morgan Stanley

Corporate News

• EC to Investigate Poland's Subsidy to Dell

• Airlines Fueled by Capital Injection

• Agricultural Bank Plans Dual Listing

• Gree Expands Capacity amid Inventory Reports

• Deloitte Opens Office in Hangzhou

• Huawei and 13 Other Companies Back Google Phone

• Deloitte Opens New Branch in East China City

Industry News

• China's Gold Producers Make over 100b Yuan in 2008

• Expert: Fuel Tax to Help Save Energy and Protect Environment

• 'Big 3' Look for Chinese Medicine

• China Blacklists 74 Websites for Selling Fake Traditional Chinese Medicine

• Shanghai Air Soars on Bailout Reports

• Coal Price Dive Resumes at Qinhuangdao Port, Stockpiles on Rise

• China to Return Part Deposits to Travel Firms amid Weak Market

Business & Activities

• Carriers Mull Ways to Trim Excess Flab

• Shanghai Ranks 5th among Asia Pacific Cities for Real Estate Investment

• Insiders: Financial Crisis an opportunity for Chinese Enterprises to Optimize Themselves

• Mainland's Tallest Tower Cuts Rental Price by Half

• 'Play Fair' on Carbon Calculation

• 12 US Food Products on Import Alert List

• UPS Opens $125m Cargo Transit Hub in Shanghai

World Business Clippings

• Crude Prices Surge on Weak U.S. Dollar, OPEC Possible Output Cuts

• German Economy to Shrink 2.2 Percent Next Year: Think Tank

• Romania's Meat Sales Decline Sharply due to Contamination Scare

• Oil Firms Push London Stock Market Higher by 0.7 Percent

• Oil Tops 47 USD on OPEC Output Cut Expectation

• U.S. Stocks Open Lower after Economic Data

• Bangladesh's Largest Mobile Company to Float Shares of 65 Mln USD

World Indices

Shanghai	2031.68	-2.28%
Shenzhen	7361.49	-1.72%
HSI	15,613.90	+0.23%

Nikkei	8,720.55	+0.70%
Dow Jones	8,761.42	+0.81%
Nasdaq	1,565.48	+1.17%
S&P	899.24	+1.19%
FTSE100	4,367.28	-0.32%
DAX	4,804.88	+0.54%
CAC40	3,320.31	+0.68%

Exchange Rates

100 units of foreign currencies

USD 684.75	EUR 885.59
HKD 88.349	JPY 7.3951
GBP 1,011.14	CAD 544.61

Biz Survey

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