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Century-old bike maker Shanghai Phoenix Enterprise (Group) Co Ltd said in its half-year fiscal report released on Aug 25 that its turnover for the first six months slumped 55.72 percent year-on-year to 353 million yuan (.8 million). Its net income contracted by 55.44 percent to 19.11 million yuan. During the same period, the Shanghai Composite Index fell 13.9 percent.

Cao attributes the company's success largely to the country's reform and opening-up policy.

Chancellor Angela Merkel head to the People's Republic of China since Sept 5, accompanied by a distinguished business and press delegation. Talks and meetings with representatives of the Chinese government and business community are planned during this trip.

Charles Hinga, Kenya's principal secretary for housing and urban development, said Tuesday that the system will consist of more than 100 buses operating on dedicated lanes on the Thika super-highway through the Nairobi city center to the Kenyatta National Hospital area.

Carrying a backpack containing the bare minimum of equipment he would need, Pan battled sleep deprivation, hypothermia and hallucinations during the journey. He could get supplies－food, prosthesis, spare shoes－at the rest stations, which were staffed with support personnel.