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

Economist: China's monetary policy could go structural -- China Securities Journal

China's monetary policy could see structural adjustments, said renowned economist Li Yining.

For example, the government could consider adopting a different reserve requirement ratio in China's eastern, central and western regions, Li said. Interest rates should also be differentiated by region or industry.

Li said a real economic recovery can only be determined by improved employment and stronger purchasing power. Only individual consumer demand counts as real market demand, and the demand driven by investment fever is just intermediate demand, he noted.

It's too early to say that the financial crisis is behind us. We may now be looking at the bottom of the crisis and even a slow pickup, but there is danger of a relapse in the near future, Li said.

According to Li's prediction, the crisis in Dubai is probably not the last round of economic relapse, and the world won't be looking at economic prosperity next year.

Nanjing Iveco's sales in 2010 may top 100,000 units -- Shanghai Securities News

Nanjing Iveco has targeted high-speed growth in 2010 and aims to sell more than 100,000 vehicles next year, Shanghai Securities News reported.

Iveco's general manager, Zhou Liang, said its sales volume in 2009 will exceed 87,000 units and is estimated to stand at 87,097 units—more than 20 percent over last year's sales volume and a record for the company.

Zhou sees a further high growth in the light truck market and a dramatic improvement in the light bus market.

The Nanjing-based truck and bus producer has determined two new profit-driven areas for the near future, the rural market and the electric bus market.

Market rumor say that Nanjing Iveco plans to take its sales volume to more than 200,000 units in the next five years.

Shanghai GM's sales to exceed 700,000 units in 2009 -- China Business News

Shanghai General Motor has sold more than 700,000 vehicles as of Dec. 25, more than 50 percent more than last year, China Business News reported Monday.

General Manager Ding Lei said that he and his colleagues had hoped the company's sales will top 600,000 units this year.

Among domestic vehicle producers, three companies' have sold 600,000 vehicles as of November. In the first 11 months of 2009, Shanghai Volkswagen, Shanghai GM and FAW Volkswagen sold 640,000, 630,000 and 620,000 units, respectively.

CIC may take part in UC RUSAL's HK IPO -- China Business News

China Investment Corporation, the country's sovereign wealth fund, will take part in the IPO of Russia's top aluminum producer, United Company RUSAL's, in Hong Kong, China Business News reported Monday.

According to the newspaper, UC RUSAL has set its per-share price at between US$13.7 and US$18.9, which could make it the largest aluminum producer in the world by market value.

U.S. investment management group BlackRock has also agreed to take part in the IPO.

UC RUSAL has been planning to go public on the Hong Kong stock exchange since last year. Its listing plan was postponed because of the financial crisis. The company didn't get the SFC's approval until mid-December.

Comments