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TO THE POINT: To prevent the country frombecoming too "expensive," the Chinese Governmentstepped in to keep a handle on prices of major com-modities that most affect people's lives. The regulatorydepartment was expected to turn down the applicationto raise the electricity price amid inflation jitters. Chinaand U.S. business ties continue to grow and over 600toy makers' exporting licenses were revoked for pro-ducing sub-standard toys. NBA China officially set upits office in China, while Morgan Stanley targets a newChinese partner to pursue its investment bank dreamsin the country.