Ｍａｒｋｅｔ　Ｗａｔｃｈ

TO THE POINT:The Chinese Government,concerned about the stumbling domestic stock markets,has repeatedly emphasized the importance of "maintaining stability." China National Petroleum Corp.reported losses in its oil refinery business during the first half of the year.Domestic consumption,a major pillar of economic growth,rosesubstantially in June,up 23 percent year on year.Dabao,a well-known Chinese cosmetics brand,was officially acquired by Johnson& Johnson.China now plans to spend more money to help small and medium-sized companies boost employment.