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People Daily (Free subscription) | 7 hours ago
China is a dynamo of the world economy and is playing a central role in helping a global economic recovery, said Alicia Barcena, executive secretary of the Economic Commission for the Latin America and the Caribbean (ECLAC), on Friday. "China is part of the world trade of wheat, rice, soya, sugar and others, playing a very important role in the increase of those product exports. The same happens...
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People Daily (Free subscription) | yesterday
China's economy is forecast to grow more than 9 percent next year on the growth of domestic consumption and improving exports, said a report released Friday by the Beijing-based Renmin University of China. The country's retail sales are predicted to increase 18.2 percent year on year in 2010, boosted by domestic consumption and income growth, according to the report. China's retail sales in October...
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People Daily (Free subscription) | yesterday
Low interest rates, especially the deposit rate, would discourage financial institutions from providing adequate financing to the real economy, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) said Friday. He told the 2009 Business Week CEO Forum in Beijing that low interest rates would reduce pressure on financial institutions, removing incentives to actively provide financial services...
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People Daily (Free subscription) | 7 hours ago
High savings and weak consumption was still the main structural problem for China's economy, and the country needed to craft a national plan to boost consumption and adjust the economic structure, an expert had said. In an interview run by the China Securities Journal on Saturday, Xia Bin, a researcher with the Development Research Center, a think-tank under the State Council (cabinet), said China's...
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China Law Blog (Free subscription) | 1 hour ago
At least once a week, I will sarcastically say, "I'm from the government and I'm are here to help you." I love blaming the government for just about everything. But even I have my limits. In its post, "The iPhone debate:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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China Law Blog (Free subscription) | 2 hours ago
I love technology and I am constantly on the road. I definitely fit the definition of "early adapter" and my friends are constantly asking me what technology they should be buying, oftentimes for travel. I just got an email... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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People Daily (Free subscription) | 7 hours ago
Dalong Estate, a Shanghai-listed property developer owned by Beijing's Shunyi district government, had acquired a parcel of residential land in Shunyi for 5.05 billion yuan (739 million U.S. dollars), the Beijing Times reported on Saturday. The land low-density housing lot was about 526,000 square meters. Its planned construction area was about 169,100 square meters. The floor price amounted to nearly...
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People Daily (Free subscription) | 7 hours ago
Dalong Estate, a Shanghai-listed property developer owned by Beijing's Shunyi district government, had acquired a parcel of residential land in Shunyi for 5.05 billion yuan (739 million U.S. dollars), the Beijing Times reported on Saturday. The land low-density housing lot was about 526,000 square meters. Its planned construction area was about 169,100 square meters. The floor price amounted to nearly...
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People Daily (Free subscription) | 7 hours ago
The transport sector's total receipts of Hong Kong, including business receipts and other income, rose 4.7 percent in 2008 over a year earlier to 544.8 billion HK dollars (some 70.4 billion U.S. dollars), the Census and Statistics Department said here on Friday. The sector's gross surplus dropped 41.6 percent to 33.7 billion(about 4.4 billion U.S. dollars), accounting for 6.2 percent of total receipts...
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People Daily (Free subscription) | 7 hours ago
Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday. The 132 central SOEs reaped a profit of 79.5 billion yuan (11.64 billion U.S. dollars) in October, up 151 percent year on year, said Huang Shuhe, deputy director of the State-owed Assets Supervision and...
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People Daily (Free subscription) | 7 hours ago
Malaysia has approved a commercial bank license to the Industrial and Commercial Bank of China Ltd. (ICBC), China's largest commercial bank, the Malaysian central bank said here on Friday. Bank Negara Malaysia, or Malaysia's central bank, said in a statement issued here on Friday that the Malaysian Finance Ministry had approved the issuance of a commercial bank license to ICBC. The licence followed...
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Xinhuanet (Free subscription) | 16 hours ago
Over half people in France are worried about losing home, with 12% saying it's "very possible," according to a recent poll.
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Xinhuanet (Free subscription) | 16 hours ago
Profits of China's state-owned enterprises administered by the central government more than doubled in October from a year ago after months of declines, a senior official said in Beijing on Friday.
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Xinhuanet (Free subscription) | yesterday
The signing of the East Africa Community (EAC) protocol in Arusha on Friday is expected to spur economic growth in the region.
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