China's business press carried the following stories on Friday. China.org.cn has not checked the stories and does not vouch for their accuracy.

China, Russia agree on export gas price — China Business News

China and Russia have reached an agreement on the price of natural gas exported from Russia to China, Russian Ambassador to China Sergey Razov told China Business News yesterday.

The price will be pegged to a package of oil prices in the Asian market, said Razov. He also emphasized that the economic return from natural gas exports to China shouldn't be less than that of exports to Europe.

The price agreement is a major breakthrough in the two countries' natural gas export negotiation, which started in 2006 but has frequently stalled because of price divergence.

Iron ore giants seek 30% rise in next year's price — Oriental Morning Post

It was reported yesterday that the world's three largest suppliers of iron ore — Vale, Rio Tinto and BHP Billion — will seek a 30-35 percent rise in the negotiation with buyers for next year's contract price of the raw material, a reverse from the 33 percent cut reached for this year's price.

The stance is in sharp contrast with that of Chinese buyers, who believe that there is little room left for iron ore prices to rise further in China due to surplus output on the global market and sliding demand in China.

China faces one trade remedy probe every three days — Beijing Business Today

In the first nine months of this year, China became the target of 88 trade remedy investigations, a rise of 29.4 percent year on year and equivalent to one investigation every three days, according to statistics released yesterday by the Ministry of Commerce.

The total value involved in the probes, launched by 19 countries and regions, including the US, EU, Canada, Australia, Argentina and India, rose 125 percent to 10.2 billion dollars.

Firms get big premium in China's Nasdaq-style board — China Business News

So far, the 28 firms to be listed on China's Growth Enterprise Market (the country's Nasdaq-style board) have netted 15.27 billion yuan in their IPOs, more than double their combined original target of 7.39 billion yuan, prompting the formulation of new measures to regulate the use of the capital.

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