China Business News Notes 01.01.09

China's state couincil FINALLY approved the rollout of 3G networds.

Shanghai apartment prices falling but land prices are still rising?

More new new green power projects approved: Datang to build 400 megawatt wind farm, CTDC and Qinghai New Energy plan to build China's largest on grid solar plant with output capacity of 1 gigawatt.

No suprise, Shanghai's Exchange terrible performance this year put a real damper on new IPO's which were down 76% from 2007