Business -- January 5, 2006

• China earmarks 2.5 bln US dollars to foster railway construction in Inner Mongolia
• China's textile industry booms in 2005 despite trade disputes, RMB appreciation
• China's total retail sales of consumer goods in 2005 to top 6 trillion yuan
• China accelerates pace on FTA establishment in 2005
• China's hat exports grow 22.92 percent

• China's textile council seeking mutual understanding with U.S. counterpart
• China to improve enforcement of statistics law for accurate economic survey
• China rules out curbs on low-emission, economical cars
• China to overhaul export of motorcycles
• China pays 301.7 billion yuan in export tariff rebates in first 11 months of last year

• China reports fast growth in tax revenues from overseas tax payers during Jan.-Oct. period
• China closes 5,290 coal mine shafts
• GM auto sales down by 4 percent in 2005
• Joint-stock bank makes high-profile debut to propel local economy in N. China
• Mitsubishi could purchase stake in Chinese bank

• Profit from China's agricultural machinery industry soars
• Russia, Ukraine clinch five-year deal on gas supply
• U.S. becomes No. 1 trade partner of NW China autonomous region
• Xinjiang turns out 24.1 mln tons of oil in 2005