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The G20 Summit is widely regarded as the "first ever serious effort by various nations to overcome the global crisis, despite political and cultural differences".

The Asian Development Bank (ADB) has marked down its forecast on China's year-on-year economic growth to 7 percent from 8.2 percent for this year.

Shares of Chalco dropped heavily Monday on both the Shanghai and Hong Kong bourses after it released a worse-than-expected 2008 earnings report.

Big American and other foreign multinationals are finding it increasingly tough to keep China's rising corporate stars at bay as they fight for market position in the world's fastest -growing market.

At a time when most multinationals are cutting costs and trimming workforce to combat the slowdown, many industry giants said they are still hiring in China.