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China seeks balance between growth and debt
China is moving to make its economic growth more balanced and avoid asset bubbles.
It plans to do that by ensuring companies don’t build up too much debt and by further cutting excess coal and steel...
It plans to do that by ensuring companies don’t build up too much debt and by further cutting excess coal and steel...
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Dismal year for Chinese exports as Beijing faces Trump trade threats
There was gloomy data from the world’s largest trading nation as Chinese exports fell last year with international demand for its goods weakening.
That news comes amid fears of a trade war with the...
That news comes amid fears of a trade war with the...
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China’s yuan at 8-year low against the US dollar
China’s currency, the yuan, continues to fall.
It has just hit its lowest value in almost eight years against the US dollar having declined for eight days
in a row.
Traders said the yuan has been under...
It has just hit its lowest value in almost eight years against the US dollar having declined for eight days
in a row.
Traders said the yuan has been under...
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China’s economic growth stable at 6.7% in third quarter
China’s economy is slowly stabilising according to the latest government statistics.
Gross domestic product rose by 6.7 percent between July and September, putting it on track to meet its official...
Gross domestic product rose by 6.7 percent between July and September, putting it on track to meet its official...
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Continued cooling for China’s economy forecast
China’s economy seems set to continue cooling.
The latest survey of economic analysts has them predicting growth of 6.6 percent in the period from April to June, down from 6.7 percent in the first three months of...
The latest survey of economic analysts has them predicting growth of 6.6 percent in the period from April to June, down from 6.7 percent in the first three months of...
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Alibaba’s magic still casting money spells
Chinese giant Alibaba Group Holding expects to double its transactions volumes by 2020, and still expects considerable growth.
The company, currently holding an investor conference, said it anticipates a $912 bn...
The company, currently holding an investor conference, said it anticipates a $912 bn...
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Chinese exports rocket with positive growth data due by the end of the week
China’s exports have rocketed some 18.7 percent compared to the same period last year.
#China’s exports surged 18.7% year on year in March, while imports dipped 1.7%, customs data showed on Wed....
#China’s exports surged 18.7% year on year in March, while imports dipped 1.7%, customs data showed on Wed....
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China’s February trade weak – exports and imports both down
China’s February trade numbers were much weaker than expected.
Exports from the world’s largest trading nation tumbled by the most in over six years – down 25.4 percent from a yea
r earlier.
...
Exports from the world’s largest trading nation tumbled by the most in over six years – down 25.4 percent from a yea
r earlier.
...
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China to lay off 1.8 million coal and steel workers to cut overcapacity
Around 1.8 million Chinese coal and steel workers are to be laid off as Beijing tries to reduce overcapacity.
That is about 15 percent of the total workforce in those industries with those people being...
That is about 15 percent of the total workforce in those industries with those people being...
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Millions more Chinese ‘zombie company’ workers face the sack
China reportedly plans millions more lay offs of workers at so-called ‘zombie’ companies, after just announcing 1.8million miners and steel workers face redundancy.
Sources close to China’s leadership have now...
Sources close to China’s leadership have now...
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Market volatility
Renee Filippone on China’s role in wildly swinging stock markets around the world
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China’s struggle continues with January factory activity weak again
Further confirmation that the boom times are over in China, with word that manufacturing there contracted in January at its fastest pace in almost three-and-a-half years.
The world’s second largest...
The world’s second largest...
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China looks for 6.5 to 7% economic growth in 2016, warns on unemployment
The Chinese government believes GDP there will expand by 6.5 to 7 percent this year.
That is according to Xu Shaoshi, who heads the National Development and Reform Commission, China’s top economic planning...
That is according to Xu Shaoshi, who heads the National Development and Reform Commission, China’s top economic planning...
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Apple sees iPhone sales ‘falter’
China’s slowdown is even having an impact on technology giant Apple. The company has forecast its first revenue drop in 13 years and reported its slowest-ever increase in iPhone shipments.
Admittedly 74.8 million...
Admittedly 74.8 million...
Curated Video
Chinese services sector slowdown
Another sign the world’s second-largest economy may be losing steam comes in a private survey which showed China’s services sector expanded at its slowest rate in 17 months in December.
The Caixin/Markit purchasing...
The Caixin/Markit purchasing...
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European shares fell sharply but came off lows after China suspends its circuit breaker mechanism
European markets fell sharply on Thursday after China accelerated the depreciation of the yuan, but came off lows after the Shanghai and Shenzen stock exchanges said it would suspend its new circuit breaker mechanism.
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China’s exports up for December
A boost for China’s exports came in data for December which showed a rise of 2.3 percent from a year ago in yuan-denominated terms.
Forecasts were predicting a 4.1 percent fall but experts believe a weakening currency...
Forecasts were predicting a 4.1 percent fall but experts believe a weakening currency...
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'Enough is enough': With $300 billion in debt, court says it's time to liquidate China's Evergrande
The world’s most heavily indebted real estate developer has been ordered to undergo liquidation. But their assets don't cover their liabilities.
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Liberals unveil strategy for dealing with China
Calling China an 'increasingly disruptive global power,' the Canadian government is laying out its new Indo-Pacific strategy, which includes $2.3B in spending to create closer ties to the region.
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Shanghai’s COVID-19 lockdown takes economic toll
The strict lockdown in Shanghai is putting immense pressure on the city’s economy — home to China’s financial hub. At the Port of Shanghai, shipment delays are having a major impact on the global supply chain, affecting companies and...
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Fortune Global Forum 2023: A New Era For Business
Abdulnasser Bin Kalban, Chief Executive Officer, Emirates Global Aluminium Mikhail Gerchuk, Chief Executive Officer, e& International Christian Ulbrich, Chief Executive Officer, JLL Nigel Vaz, Chief Executive Officer, Publicis...
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China tries to limit spread of coronavirus as millions return to work
Millions of people are returning to work in China this week after an extended Lunar New Year break and even with some precautions there are concerns it could lead to a spike in cases of coronavirus.
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China releases new economic data under the cloud of US tariffs
China's economy shows resilience with manufacturing beating expectations, despite heavy tariffs by the US.
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China slams US tariffs: 'There are no winners in a trade war'
Chinese Foreign Ministry spokesperson Lin Jian denounced US Defence Secretary Pete Hegseth’s statement that the US is “prepared” to go to war with China following Beijing’s warning over escalating trade tensions.