— Shanghai residential property prices may drop sharply by
up to an annualized 10 percent by the end of the year as the
authorities keep in place tightening policies to cool the
market, said real estate consultancy Savills.HONG KONG ECONOMIC JOURNAL— Aluminium extruder China Zhongwang Holdings Ltd
said it will invest HK$29 billion ($3.73 billion) in 2011 to
2014 for the construction of its production base of aluminium
flat rolled products.SING TAO DAILY— Chinese sportswear brand 361 Degrees International Ltd
said same-store sales in the third quarter of 2011
rose 14.1 percent and the number of retail outlets increased to
7,810 as of the end of September, with 173 new stores opened
during the quarter.— The Chinese Gold and Silver Exchange Society launched the
world’s first offshore yuan-denominated gold contract, renminbi
kilobar gold, on Monday. Yuan gold contracts totalling 322 kg
were traded on the first day, with the settlement price set at
346.95 yuan per gram.WEN WEI PO— China’s Tsingtao Brewery Co Ltd said
it will set up its first overseas plant in Bangkok. The plant,
which is due to be completed in 18 months and to start
operations in 2013, will produce about 200,000 litres of beer
per year.For Chinese newspapers, see……………For Taiwan newspapers, see…………….
($1 = 7.777 Hong Kong dollars)
The 84-year-old pontiff stood on the platform as aides pushed it up the central aisle, which is about 100 meters (yards) long.Wearing green vestments, he blessed the faithful and then celebrated Mass from the main altar. He appeared to be in good health. He later used the same mobile platform to leave the basilica.”This is just not to tire him,” chief Vatican spokesman Father Federico Lombardi said. “Nothing else should be read into the general state of his health, which is good.”The platform, which has three steps and brass handles, was built to transport the late Pope John Paul during the last five years of his life.John Paul, however, had suffered a broken femur and had undergone hip replacement surgery, an operation that left him with a permanent limp and other walking difficulties.Benedict, who was elected in 2005 after John Paul’s death, has appeared to be in generally good health, though Vatican sources say he suffers from high blood pressure.Benedict’s schedule of public and private engagements has been far less hectic than that of his predecessor.Aides say that because he was already 78 when he was elected, unlike John Paul who was 58, Benedict decided to pace himself more carefully and limit his activities.During the mass on Sunday, the pope announced that he was calling a “Year of Faith” for the entire 1.2 billion-member Roman Catholic Church that would start on October 11, 2012.He said he hoped the event would be an opportunity for all Catholics to “strengthen our faith in God,” and that he would soon publish an “apostolic letter” outlining what he wants the Church to gain from the year of reflection.Benedict has started a new Vatican office, the Pontifical Council for the Promotion of New Evangelisation, to shore up and spread the faith in economically advanced regions such as Europe and the United States, where the Vatican believes it has been weakened by secularism.
The growth would be driven by the completion of China’s new
west-to-east natural gas pipeline, gas pipelines linking China
with Kazakhstan and Myanmar, and several liquefied natural gas
receiving terminals along China’s coast, he said.Leung also said he expected China to raise natural gas
prices around the end of the year, narrowing the price gap with
gasoline and diesel.”The price of natural gas for vehicle use is only half that
of gasoline and diesel. Chinese prices for natural gas face
upward pressure,” he said.
