| 摘 要： | TO THE POINT: In the first quarter, both the Chinese property and stock markets enjoyed rapid growth. Since the beginning of the year, the benchmark Shanghai Composite Index has jumped more than 20 percent. The Bank of Communications, China's fifth largest bank, will soon be listed on the Shanghai A-share market, giving it the ability to throw its hat into the bullish ring. Housing prices have also increased substantially despite harsh regulative measures and the property market is seeing rapid foreign and domestic investment growth, with money from abroad pouring in the fastest. China Life, which returned to the Shanghai A-share market last year, left its competitors far behind in 2006, seeing its net profit more than doubled from the year before. U.S. software guru Microsoft is forming a partnership with China's computer giant Lenovo Group on the construction of a research and development (R&D) facility. It will be Microsoft's first ever R&D center partnership worldwide. In an attempt to narrow the trade gap with the United States, China is seeking the procurement of a variety of imports from the United States worth $12 billion. China's total trade surplus with the United States was $144 billion in 2006.
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