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China Greeting Int'l Children's Day   World Bush names new Treasury chief   Business ICBC may raise US$12b through HK IPO   Culture/Edu Dumplings, sachets hot before festival   Sci/Tech Ariane-5 launches two satellites

Opinion     China     Satellite cities may alleviate housing woes Beijingers may be moving out of the city in their droves in the next couple of years. So will many businesses, particularly small ones. China's oil supply faces risks, expert says China's oil supply is facing risks, which need to be solved mainly through domestic efforts, an oil expert said. Soaring oil price is the first risk, the expert said. End obsession with GDP The suggestion that local gross domestic product (GDP) growth could be allowed to fall below zero points to a pragmatic approach in terms of drawing up policies to attain balanced development. Return of domestic IPOs A week after the newly revised regulations on initial public offerings (IPO) came into effect, China promptly resumed IPO trading, bringing the share-merger reform to its final phase. Pentagon Concerns Unjustified: newspaper The Pentagon once again pointed the finger at China in its report to the US Congress on the nation's military power.   Society progresses with different civilizations Cultural industry potential Irresponsible stakeholder Chinese traders should have level playing field Building innovative society Fostering a charity culture China backs UN reform China-Germany ties get boost as Merkel's trip ends A noise that should be dispelled Beijing takes energy lead     World     Indonesia needs assistance Our heart goes out to the people of Indonesia as they struggle to cope with the devastating consequences of their latest earthquake. Promote dialogue on energy co-operation The first few years of the 21st century have witnessed long queues at petrol stations across the globe, while soaring prices in the New York petroleum futures market remind us how grim the world energy security situation is. Are big-box stores truly a blessing? Is Wal-Mart a good thing? As Wal-Mart and other huge stores are sprouting up in communities throughout the United States, more and more Americans are beginning to question the benefits these mammoth stores are bringing to their lives. US is behind gold price hike, but not China It is the end of the US housing boom that caused large amount of hot money to rush to resource commodities like gold, oil and bronze and cause the sharp price rise of these commodities. China's demand didn't affect that much. Watch consequences of US-Libyan relations US Secretary of State Condoleezza Rice announced on Monday that the United Stated decided to restore full diplomatic ties with Libya and clear the nation from the list of terrorism-supporting countries. The Libyan Government welcomed the decision.   Push for financial co-op Blair reshuffles govt after local election loss Life span disparity reflects North-South gap China chance, not China threat to Africa China, Africa seek win-win Soaring oil prices a major concern to world Economic ties root China-US ties in mutual benefit Asian nations rise up in mutual confidence China, US need to build mutual trust on security Losers shout loudest

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