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Chinas economy on track for gradual slowdown in H2 as govt reiterates policy stance
China's economy is expected to head toward a gradual slowdown in the second half of this year, as the central government has stated that it will retain its current mix of tightened economic policies.Top officials from the Political Bureau of the CPC Central Committee agreed at a Friday meeting that the country will stick to its proactive fiscal policies in the second half of this year, with ...
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China appeals to WTO against U.S. duties on Chinese diamond saw blades
The Ministry of Commerce on Friday announced that the country has made an appeal to the World Trade Organization (WTO) to conduct a review of the zeroing measure used by the United States in slapping anti-dumping duties on diamond saw blades from China.According to a statement on the ministry's website, the country has made the request following its previous complaint to the WTO in February ...
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China to continue improvement of investment environment official
China will continue to facilitate foreign investment and enhance the protection of intellectual property rights in efforts to improve the investment environment, a senior official said Wednesday. "Improving investment environment and protecting the legal rights of foreign investors are not only the government's promises but also what the government is doing," Yu Jianhua, assistant ...
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IFC to continue investments in China
International Finance Corp (IFC), a member of the World Bank Group which focuses on the development of the private sector in emerging markets, plans to invest more than $500 million in China during its next fiscal year. The funds will be mainly used to support private enterprise in western China in the fields of renewable energy, rural finance and agribusiness, according to Karin Finkelston, the ...
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Chinas investment does not match status as Australias top trade partner
China's investment in Australia does not match her status as the nation's largest trade partner, said Duan Jielong, China's Consul-General in Sydney on Tuesday. In a speech to Australia China Business Council (ACBC), Duan said as more and more Chinese companies come to Australia to invest, there seems to be some concerns about Chinese investment being too much and growing too ...
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Chinas FDI looks ready to set new record
Foreign direct investment (FDI) in China looks like it's heading toward a new record and could exceed $106 billion this year, a senior Ministry of Commerce official said, underscoring global investors' confidence in the world's second-largest economy. From January to June, the nation's FDI surged by 18.4 percent year-on-year to $60.9 billion, according to the commerce ...
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Chinese shares close slightly higher Tuesday
Chinese shares closed slightly higher Tuesday with the benchmark Shanghai Composite Index up 0.53 percent to close at 2,703.03. The Shenzhen Component Index gained 0.35 percent to finish at ...
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Chinas H1 logistical expenses up 18.5 year-on-year
China's expenditures on logistical services totaled 3.7 trillion yuan (around 570 billion U.S. dollars) in the first half of 2011, an increase of 18.5 percent year-on-year, statistics showed. The spending accounted for 18 percent of the country's gross domestic product (GDP), the China Federation of Logistics and Purchasing and the China Logistics Information Center said in a report ...
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Chinas yuan hits record high of 6.4470 against USD Tuesday
The Chinese currency Renminbi, or the yuan, gained 33 basis points to 6.4470 per U.S. dollar on Tuesday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day. The central parity ...
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Expert Chinas 130 national languages still thriving
China's 130 national languages have still been inherited and continue to develop among 1.3 billion people despite the impact of globalization and regional economic development, said a linguist from an authoritative dialect research agency on July 10, 2011.According to statistics, there are more than 6,000 languages in the world, of which more than 2,500 languages are in an extremely ...
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Chinas industrial profits up 28.7 pct in H1
Profits for China's industrial businesses rose 28.7 percent year-on-year to 2.41 trillion yuan (374 billion U.S. dollars) in the first half of this year, the National Bureau of Statistics (NBS) announced Wednesday. The NBS figures showed that combined revenues for the country's industrial firms rose by 29.7 percent from a year earlier to reach 38.86 trillion yuan from January to June. ...
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Chinese Premier orders swift open transparent investigation of train crash
Photo taken on July 24, 2011 shows the accident scene where rescuers clear the wreckage in Wenzhou, east China's Zhejiang Province, after a train collision and derailment Saturday night. (Xinhua File Photo/Chen Bin)Premier Wen Jiabao on Wednesday ordered a "swift, open and transparent" investigation into Saturday's fatal high-speed train collision. Wen made the remarks at an ...
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China announces enforcement regulations for amended personal income tax law
The State Council, or China's cabinet, on Wednesday announced new regulations designed to facilitate the enforcement of the country's new individual income tax law, which features an increased monthly tax exemption threshold.Premier Wen Jiabao signed a State Council order to approve the creation of the regulations, which are set to take effect on Sept. 1, 2011.The National ...
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China calls for stronger coordination between peacekeeping peacemaking peacebuilding
In order to address new challenges, coordination between UN peacekeeping operation, peacemaking and peacebuilding efforts needs to be strengthened, Wang Min, deputy permanent representative of the Chinese Mission to the United Nations said here on Wednesday.Wang made the remarks when he addressed a UN Security Council's open meeting on UN peacekeeping operations.He pointed out that as ...
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Vice premier urges all-out rescue efforts after deadly train collision in China
Chinese Vice Premier Zhang Dejiang (C) presides over an meeting on relief work and investigation of the high-speed train crash in Wenzhou, east China's Zhejiang Province, July 24, 2011. Zhang is leading a work team in Wenzhou to assist in relief work and conduct an investigation into the accident. (Xinhua/Wang Ye)Chinese Vice Premier Zhang Dejiang on Sunday urged local authorities to ...
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China stocks plunge on US debt train crash
Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...
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China refutes claims RMB undervalued
As of July 21 of 2011, the RMB exchange rate reform had been implemented for 10 years. On that day, the average exchange rate of the RMB against the U.S. dollar was 6.4536, which was a new record since China exchange rate reform started. Since 2005, the RMB has appreciated by almost 22 percent against the U.S. dollar. However, such a great RMB appreciation still has not satisfied the United ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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China completes Internet phone monitoring scheme for Tibet
Reuters © A Tibetan monk uses a mobile phone near the Dzamthang Jonang monastery, where Kalkyi set herself on fire in protest against Chinese rule, in Barma township May 16, 2013. REUTERS/Kim ...
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In China Five Ancient Tombs Bulldozed for Metro Line
The Laifenggang archaeological excavation site was leveled by bulldozers overnight on June 14, while they were building an extension to a metro line in Guangzhou. Experts said it was a massive loss to Chinese heritage. ...
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ASEAN China eye more cooperation in search rescue in South China Sea
Some 40 representatives from ASEAN and China Wednesday attended a workshop on strengthening ASEAN- China cooperation in search and rescue of persons and vessels in distress in the South China Sea.Addressing the workshop, Pham Quang Vinh, Vietnamese deputy minister of foreign affairs, said the workshop is a part of the implementation of the Declaration on the Conduct of Parties in the South China ...
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Mengniu Purchase Leaves China Infant Formula Family With More Than $800 Mln
International for $1.6 billion would leave an investment company owned by Yashili's founding Zhang family worth more than $800 million. Chairman Zhang Lidian and his family control Zhang International, which holds a 52% stake in Yashili. Four directors - Zhang Likun, Zhang Liming, Zhang Lidian and Zhang Libo - each own 18% of Zhang International. Mengniu, which has been criticized for ...
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Chinas Wanda Invests $1 Billion To Launch Hotel Brand In London
Chairman Wang Jianlin Wanda Group, a real-estate conglomerate with global ambitions, has a string of swish hotels in China. Now it plans to add a 160-room luxury hotel in London as part of a £700 million ($1.08 billion) twin-tower residential project acquired from Ireland's Green Property. The Irish developer ...
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Chinas Swiss watch imports decrease in Q1
/enpproperty--> China's import of Swiss high-end watches may decrease over the next few quarters, Tina Zhou, dean of the Fortune Character Institute predicted in the China Watch Report. China imported 77,771 watches from Switzerland in 2012, down from 87,894 units in 2011, according to the report released Tuesday. However, as the average price increased, the import value in 2012 was ...
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UNs Ban meets Chinas Xi for talks
United Nations Secretary-General Ban Ki-moon met Chinese president Xi Jinping for talks on Wednesday, with North Korea and Syria expected to dominate ...
Shanghai Focus
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Shanghai looking ahead to future
Shanghai is the commercial capital of China and the most populous city in the People’s Republic, with origins as a small fishing village, the city has grown into a global city with fingers that stretch across the world, exerting global influence over international cultural, commercial and political scenes. With major projects and programs underway, the future looks bright for Shanghai.
It was recently reported by international, Chinese and Shanghai news media that China had eclipsed Japan as the second-largest economy in the world. China’s GDP and economic activity has surpassed that of Japan for many decades, but the announcement was made on the back of a range of factors including imports and exports and the human development index within major cities such as Shanghai. Read more
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