"This kind of thing happens all over the world, " Ms. Guo said.
Close to 90% of homes sold in 2011 were to first-time buyers, Mr. Guo said in an annual work report to city officials.
State-owned banks, which take up almost half of the island's banking assets, are likely off the radar because of the political sensitivity, Mr. Guo said.
Foxconn chairman Terry Guo said in 2010 the Chengdu plant plans to achieve an annual output of 100 million iPads by 2013 and recruit 500, 000 workers by 2015.
SHANGHAI The Beijing municipal government will continue home-purchase restrictions this year to curb speculation and reduce prices, city mayor Guo Jinlong said Thursday.
On the Boston University campus Wednesday morning, the president of the Chinese Students and Scholars Association, Shuang Guo, said that the group was planning a memorial service for Ms. Lu.
Hon Hai "is a microcosm of China's labor system, " said Guo Yuhua, a sociology professor at Tsinghua University in Beijing.
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In Beijing, for instance, house prices fell 11% in 2011 while sales of private homes there dropped 14%, the city's Mayor, Guo Jinlong, said.
"With the increasing popularity of smartphones in China, we are delighted to offer the BlackBerry Curve 8910 smartphone through our retail distribution network in China, " said Guo Wei, Chairman and CEO, Digital China.
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Mr. Guo's remarks come after his Shanghai counterpart said the coastal city will continue policies to rein in home prices.
Shares in Shanghai Fosun Pharmaceutical (Group), a Chinese pharmaceutical manufacturer and distributor controlled by billionaire Guo Guangchang, fell by 1% today after the company said it had received domestic regulatory approval for a secondary stock listing in Hong Kong.
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Guo Shuqing, the head of the China Securities Regulatory Commission, said that the regulator had already reached an agreement with the Chinese central bank and the State Administration of Foreign Exchange to raise the QFII limit.
Sun Ming Bo, an existing executive director, will replace Jin Zhi Guo, who stepped owing to personal health and other reasons, the company said in a stock exchange statement.
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The three companies: Gu Guo Information Technology, Shanghai Gou Xun Advertising and Google Information Technology, are all said to have been penalized by relevant authorities.
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