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Beijing's Tourism Sector Slumping
Beijing's embattled tourism industry will lose around 40 billion yuan (US$4.8 billion) this year due to the deadly SARS virus, economic experts predicted Friday.

Stocks Climb As Drug Firms Gain From SARS
China's shares rose yesterday as investors favoured drug stocks, betting the deadly flu-like SARS outbreak will benefit them, brokers said.

Creating 8 Million Jobs Feasible: Official
A senior official with the Ministry of Labor and Social Security said Friday that it is feasible for the Chinese government to create 8 million jobs this year, thanks to the rapid economic growth, booming service industry and private sector, and a series of incentive policies for expanding employment.

'Unexpected Good' Result in Economy 2002: Yearend Review
Speaking of China's economic situation this year, scholars and experts almost uttered unanimously in one breath "unexpected good". The continuous rising of indexes in export, investment, consumption and other aspects have provided strong support for the expected 8 percent economic growth.

Recall Practice Stirs Public Debate
Shanghai is preparing to draft a new law on the protection of consumers' rights, but some contentious articles within the law are stirring up dispute.

'Olympic Bubble' Lurks in the Shadow
Beijing's hosting of the 2008 Olympic Games is set to produce lasting benefit to China's economy, but senior Chinese economists say, heavy concerns should be granted over the Olympic bubble.

Further Investment Channels Should Be Explored
China's soaring individual savings deposits is not only a symbol of its expanding economic might but more importantly, a source of investment and purchasing power that needs to be further tapped.

Bank Fee May Drive Customers Away
The Beijing branch of China Construction Bank (CCB) has reportedly decided to charge its customers 2 yuan (US$0.24) every time they draw cash out of ATMs (automatic teller machines) owned by other banks.

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