Foreign companies doing business in China are now seeing an end of an era, as favorable tax policies are dropped and they will compete against domestic companies on an equal footing. Chinese property developers loaded with money are making a drop in housing prices less likely in the short term. Analysts expect the sizzling auto market in China to cool in 2011 due to a matured market and the exit of stimulus measures. A batch of genetically modified corn imported from the United States was sent back to its origin after forbidden ingredients were found. China is speeding up its mapping business by setting up a geographic information industrial park in Beijing.
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