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Competitors seldom back each other unless a decision threatens the foundation for all businesses to benefit from an open and fair competition.

Competitors seldom back each other unless a decision threatens the foundation for all businesses to benefit from an open and fair competition.

Compared with the monetary policy, fiscal policy should play a more important role in the coming months to stabilize economic growth, especially when the external uncertainties are increasing, said Robin Xing, Morgan Stanley's chief economist in China.

Concur: The Redmond maker of travel and entertainment expense management expanded its footprint in 2011, buying TripIt and London’s GlobalExpense. And CEO Steve Singh indicated that the investments would continue going into the new year, telling investors in November that great opportunities lie ahead. “In order to capitalize on the robust demand environment, we will significantly ramp our investments across the business,” Singh said. Certainly, a company to watch in 2012.

Communist Party USA National Chairman John Bachtell said that the CPC's proposal of building a community with a shared future for mankind seems to be a new level of peaceful coexistence of different systems, and could be a healthier and more globally democratic foreign policy.