AFP – China has ordered banks to stop new lending to companies that pollute excessively or consume too much energy, as part of a drive to make its economy more energy efficient, state media said Saturday.

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China Sky One Medical Inc., a Chinese over-the-counter drug maker, said Friday several major distributors have stopped doing business with the company, and it cut its 2010 profit and sales expectations.
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AFP – The European Union pressed China on Friday to back up its words with action and do more to stem the flow of Chinese-made counterfeit goods into Europe and around the world.

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AP – Thousands of coal trucks were backed up for miles on a northern China highway Friday, the latest in a series of monster jams that have plagued the overloaded road since construction began on a parallel route earlier this summer.

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Reuters – China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
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