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By AMY CHEUNG
Growth in software industry sales revenues have outpaced growth in the number of software enterprises for the first time since 2003, signaling an easing of competitive pressures in the sector amid a wave of merger and acquisition activity.

By STAFF EDITOR
Asia Development Bank lifted its 2007 forecast for China to 10% from 9.5% estimated six months ago, Bloomberg reported.

By AMY CHEUNG
Media reports say that the Aviation Industries Corporation of China I (AVIC I) will utilize existing listed subsidiaries as asset restructuring platforms, and employ initial public offerings (IPOs) to reorganize corporate assets.

By STAFF EDITOR

Flag carrier Air China Ltd. said on Tuesday it would set aside over US$2 billion in 2007, mainly to buy Boeing and Airbus jets, as executives said they hoped Beijing would inject cash into an ailing aviation sector, Reuters reported.


By STAFF EDITOR
Anheuser-Busch Cos. Inc. , the largest U.S. brewer, said it plans to double the amount of Chinese cities where it sells its Budweiser beer over the next five years from 100 now, citing "huge" growth potential in the country, Reuters reports.

By AMY CHEUNG
As the government promotes and encourages the development of new energy, industry analysts are showing some concern over the speed of the development, and fear the profitability of energy firms may create bubbles.

By STAFF EDITOR

ALONG Mobile Technologies Inc, a provider of wireless interactive entertainment products and services in China, said it will invest US$1 million in upgrading its server management system, which could increase net income by 20%, Forbes reported.


By STAFF EDITOR
Arcelor Mittal, the world's top steel maker, could increase its stake in China's Hunan Valin Steel Tube & Wire Co to one-third, Xinhua reported according to a stock exchange filing yesterday.

By STAFF EDITOR

Air China and Qunar.com announced in a statement today a comprehensive marketing and distribution agreement. Air China, China's leading domestic and international airline, agreed to provide travel search engine Qunar.com a comprehensive list of flight  information, availability and prices, to be marketed to travelers in China via Qunar.com.


By AMY CHEUNG
New adjustments to international accounting standards are in the works in order to help reduce overseas listing costs for mainland companies, and thus to bridge the gap between international and mainland accounting standards more generally.

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