China's business press carried the following stories on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.

CIC wants another US$200 billion from forex reserves --The Economic Observer

CIC, China's sovereign wealth fund, is planning to apply for another US$200 billion from the country's forex reserves for further investment, said sources familiar with the matter.

CIC, which has a registered capital of US$200 billion, still has 50 billion yuan left for further overseas investment. The fund is expected to spend 50 billion yuan in investments this year, ten times as much as that of last year, according to sources.

CIC will apply for no less than US$200 billion, but it still depends on investment returns this year, said the sources.

China Telecom to launch Blackberry by year's end --Beijing Business Today

China Telecom is expected to launch Blackberry handsets by the end of this year or early next year, according to source reports.

China Telecom and Blackberry's producer, Research In Motion (RIM), both declined to comment.

However, an online registration page provided by RIM for China Telecom's Blackberry service was exposed recently, signaling that the two companies have entered a substantial stage for the Blackberry deal.

SAIC to buy Britain's LDV -- Oriental Morning Post

SAIC Motor Corporation is teaming up with a British company to buy Birmingham-based light commercial vehicle maker LDV, said an official from the Chinese company on Monday.

"We will buy the intellectual property rights from LDV, as well as mould-related technologies and tools. The British plant will remain to assemble cars locally using components imported from China," said Chen Hong, president of SAIC Motor, without divulging the financial details of the deal.

LDV has an annual output of 13,000 light commercial vehicles.

Google slides further in China's search engine market -- Beijing Buiness Today

Google continues to lose ground to Baidu in China's search engine market this year, with its market share sliding by 2.2 percentage points, according to a survey of search engine users by China IntelliConsulting Corp.

Google accounts for 19.8 percent of the Chinese market, while Baidu still dominates with a 69.9 percent share, said the report, which surveyed 24 Chinese cities.

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