Many securities firms have attributed February 28th's giant plunge in the stock market to rumors that the Chinese government is considering levying a capital gains tax on stock investments. As the Chinese government has clearly been pushing to develop a consumption-based economy that will drive sustainable economic growth, a capital gains tax is not a wise move.

Wonder Auto Technology, Inc., , a China-based manufacturer of automotive electrical parts specifically, starters and alternators, today announced its full Year 2006 revenue increased 50% to US$72.2 million and full Year 2006 net income increased 29% to US$8.2 million.

Wal-Mart Stores Inc., facing slowing growth in the U.S., agreed to buy Trust-Mart, a chain of food and department superstores operating in China, for about 1 billion US dollars, Bloomberg reported, citing a person familiar with the proposed acquisition.

Retail sales last golden week affirm the recent transformation in spending behavior of Chinese consumers. From being a traditionally savings-oriented society, personal consumption is catching up with capital formation in fueling economic growth.

WangYou Media, a leading cross-media entertainment services provider in China focused on user-generated content (UGC), funded by Charles River Ventures, announce in a statement today that it has established a strategic partnership with China's top search engine Baidu.com  in development and promotion of Web-based multi-media content.

In addition to yuan re-evaluation, recent adjustments on tax rebate policy are seen to impact differently on export profitability of many listed companies in textiles, iron and steel, colored metal, coal, machinery, pharmaceutical, and electronic information industries.

Wal-Mart launched its first credit card in China over the weekend, co-branded with Bank of Communications, the Wall Street Journal reported.

Since the government has drafted a series of energy-saving objectives the market for energy-saving products will be given a small foundation to grow on. China News investigated how such products could overcome the  current resistance and become popular in the Mainland.

Wacker-Chemie GmbH AG's China sales may increase by more than half this year as the German maker of chemicals for consumer products and supplier of silicon wafers to Intel Corp. and Samsung Group taps rising demand.