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An GEM will be held on Thursday to discuss proposals to add two of Huang’s representatives to the board, after the two reached an agreement to end the dispute over power control at the second-largest retailer in China.

China said Tuesday it will keep a close eye on the “hot-money” inflows into China, especially in the real estate area, in an attempt to stabilize the property market.

China’s biggest car maker SAIC is close to a deal with U.S. GM to buy 1 percent of stake for about 500 million U.S. dollars.

Yahoo Inc. on Thursday deflected a report that the Internet company plans to cut a 20 percent of worldwide staff, calling it "misleading and inaccurate."

GOME said it will seek approval from shareholders to enlarge its board to 13 directors from 11 and appoint two directors nominated by Shinning Crown.

SINA Corp, which operates the largest web portal in China, is reported to have entered into a strategic partnership with MSN China.

Chinese government intervened in the most serious Internet spat that has been lasted for months.

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