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China plans to invest 700 billion yuan (103 billion U.S. dollars) on some 4,600km of high-speed railways this year

China's largest oil and gas producer and supplier said on Friday it has started work on construction of two oil and gas pipelines between China and Myanmar.

Huaxia Bank Co., Ltd yesterday has obtained approval from its board to raise up to 20.8 billion yuan by private placement.

The world's largest PC maker Hewlett Packcard announced yesterday it is to shed 6,000 jobs in the next few years, as a result of productivity gains from automation.

HSBC's China Purchasing Manager's Index (PMI) dropped in May to an 11-month low of 52.7 from 55.2 in April, as output and new orders slowed.

A strike at Honda Motor Co.'s transmission factory in southern China has forced the Japanese auto maker to shut all four of its Chinese joint-venture final-assembly plants.

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