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China detains 18 GlaxoSmithKline employees

On Friday, China's industry ministry ordered companies across 19 industries to close outdated capacity by the end of September. But some investors believe the selloff is nearing an end as officials take steps to boost demand. "China has become one of the cheapest in Asia for an economy that has $6 trillion in national savings and a fraction of the debt that developed countries have," said Joe Portelli, chief investment officer at FMG in Malta, with assets of about $200 million invested exclusively in emerging and frontier markets. Portelli said China's price-to-earnings multiple is 10, much lower than the S&P 500's P/E ratio of 15 and the historic P/E ratio for Chinese stocks in the mid-20s. FMG's China Fund invests in China's A shares listed on the CSI300 index. It is down about http://www.kiwibox.com/boyceeqpf/blog/entry/108079849/what-rehab-cheerful-farrah-abraham-hits-the-beach-in-a-bi/?pPage=0 3.8 percent so far this year. Portelli, whose firm has a three-to-five-year investment horizon, said that if the CSI300 falls below 2,100 points for an extended period, FMG would convert some of its holdings into cash.
More: http://in.reuters.com/article/2013/07/28/usa-investing-china-idINDEE96R06I20130728

I had a great time there," said McGrady. But he didn't reveal much about the next stop of his career. "I am happy to be home with my wife and kids. But if possible, I may come back to CBA. I haven't really thought about that," said McGrady. via Possibility of McGrady's return to CBA not ruled out - China.olrg.cn . So not exactly a ringing endorsement or a pledge to return to the CBA, but it's at least on the table.
More: http://www.cbssports.com/nba/blog/eye-on-basketball/22923538/tracy-mcgrady-says-he-may-return-to-china-next-season

China, EU reach settlement on solar panels

China National Radio said the city of Zhengzhou has taken steps to "hold 18 GlaxoSmithKline employees and medical personnel," The Wall Street Journal reported Saturday. Authorities did not respond to request for http://farrosikuw.edublogs.org/2013/07/15/new-fitness-requirement-bans-obese-boy-scouts-from-jamboree-participation/ comments, the Journal said. China has previously said it was investigating the company for allegedly bribing doctors with kickbacks and sexual favors to get them to prescribe their products and raise prices of drugs. It was already known that China had detained four GlaxoSmithKline executives. Chinese authorities said Friday a fifth executive, Mark Reilly -- the company's former general manager for China -- would return to China to assist in the investigation. China's officials Xinhua News Agency had reported several company employees have confessed to bribery, The New York Times said. 2013 United Press International, Inc.
More: http://www.upi.com/Business_News/2013/07/27/China-detains-18-GlaxoSmithKline-employees/UPI-88571374941298/

Tracy McGrady says he may return to China next season

"We have found an amicable solution that will result in a new equilibrium on the European solar panel market at a sustainable price level," he said. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products said in a statement that the price promise represents the majority will of Chinese companies and that it would allow Chinese manufacturers to continue to export their products to Europe http://blackzpct.jigsy.com/entries/general/farrah-abraham-blames-nasty-rehab-rumors-on-lying-b-%E2%80%94-manager and retain fair market shares. The chamber described the negotiations as "arduous" and "meticulous." "China's solar panels industry is click here! always committed to maintaining a fair international trade environment," the statement said. "It opposes trade protectionism and supports resolving disputes through negotiations." Chinese Ministry of Commerce spokesman Shen Danyang said China welcomed the settlement. The EU is the largest export market for Chinese solar panel products, according to Shen. In Europe and the United States, the price drop in the solar panels market in recent years has wreaked havoc among EU and U.S.
More: http://www.jsonline.com/business/national/china-eu-reach-settlement-on-solar-panels4350c79a551d44f4ace5668a15e07c46-217233141.html

http://www.purevolume.com/moorervvm style="clear:both">China's Sun adds world 400m gold to Olympic crown

Sun, 21, added the world title to the Olympic crown he claimed a year ago, and just as he did in the London 2012 final, Yang dominated from early on in Barcelona. The Chinese clocked 3min 41.59sec to claim the world title, finishing more than three seconds ahead of Hagino, who swam 3:44.82, while Jaeger finished in 3:44.85. At the halfway stage, Sun was on track to break Paul Biedermann's world record of 3:40.07, set four years ago at the Rome world championships, but the German ultimately holds on to the mark set using the now-banned high-tech suits. After Sun finished second in the 400m freestyle at the Shanghai 2011 world championships, the 1500m freestyle world record-holder will be aiming to defend his 800m freestyle crown when the heats start on Tuesday.
More: http://www.foxnews.com/world/2013/07/28/china-sun-adds-world-400m-gold-to-olympic-crown/