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Resources   PBOC to bolster role of interest rate adjustments Companies need to get serious about sustainable development China approves 5 new mutual funds after hiatus China's land-use tax to be tripled Chinese share prices going up after weeklong tumble China's insurance intermediary insititutions end years of losses carve out   Shanghai outlines goal of investment abroad China to launch Clean Development Mechanism Fund China to regulate foreign capitals' merger Chery comes second in China's January car sales list Quarterly inflation to jump 2.9% over higher food costs Shares of Industrial Bank gain 53% on debut Industry   Chinese carmakers report nearly 40% jump in sales Shanghai outlines goal of investment abroad Starbucks to eliminate trans fats in China RMB hits new high against U.S. dollar Sohu says Q4 profit falls 32% on higher costs Pfizer loses round in China over Viagra name rights

Chinese shares recover from biggest plunge in 10 years  BEIJING, Feb. 28 (Xinhua) -- Chinese shares bounced back from the heaviest losses in ten years Wednesday, as the major index gained 3.94 percent. The benchmark Shanghai Composite Index, which tracks both A- and B-shares, surged 3.94 percent, or 109 points to closed at 2,881.07 points. The component index of the smaller Shenzhen Stock Exchange jumped 3.19 percent, or 248 points to end at 8,039.70 points. Turnover on the two bourses totaled 136.08 billion yuan (17.01 billion U.S. dollars).

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