| 摘 要： | TO THE POINT: The week-long May Day holiday has ended. Yet, instead of being a laborers' day, the holiday is evolving into a spenders' day. China's mainland retailers happily brought in 320 billion yuan in cash over the week, a 15.5-percent increase over the same period last year. For many, the golden week is a gala for consumption. After spending as much as they could, Chinese citizens again shifted their attention to the blossoming stock market. The massive consumption over the holiday didn't ruin their appetite for stocks at all. The benchmark Shanghai Composite Index soared 2.83 percent to a record 3,950 points, generating more concerns of a stock bubble bursting. The Hong Kong-listed China National Petroleum Corp. is considering returning to the improving and grow- ing mainland stock market. The company recently discovered a major oilfield in north China, and the good news triggered a substantial rise in the company's stock prices. This year, the Central Government is determined to develop rural areas, and transnational companies like P&G are being invited to join the effort. Currently, many transnational companies are interested in the service industry and are investing heavily to grab a piece of this market. Up to now, 14 foreign-invested companies have been approved by the Ministry of Commerce to conduct direct selling in China's mainland.
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