China Economy
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China Said to Consider Options to Back Yuan, Curb Outflows
EghtesadOnline: China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The offshore…
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China should set more flexible GDP growth target in 2017: central bank adviser
EghtesadOnline: China should set a more flexible economic growth target this year to create more room for reforms, a central bank adviser told the official Xinhua news agency, suggesting a range…
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China Manufacturing Stabilizes Near a Post-2012 High
EghtesadOnline: China’s official factory gauge stabilized near a post-2012 high in December, capping a year of steady improvement and signaling policy makers have leeway to curb financial risks…
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China steps up scrutiny on individual forex purchases in the new year
EghtesadOnline: China's foreign exchange regulator said that, starting Jan. 1, 2017, it will step up scrutiny on individual foreign currency purchases and strengthen punishment for illegal money…
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China policymakers pledge stability for 'complex' year ahead
EghtesadOnline: China's economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than…
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China to relax curbs on foreign investment in banking, securities - state planner
EghtesadOnline: China will focus on freeing up foreign investment in banking, insurance, securities and futures market trading firms as part of a wider opening up of the services sector, the…
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China Nov industry profits grow well, but chance to sustain gains clouded
EghtesadOnline: China's industrial sector showed the strongest profit growth in three months in November, suggesting the world's second-largest economy was improving, though policymakers noted…
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China minister expects industrial output to rise 6 percent in 2017: official paper
EghtesadOnline: China's industrial output is likely to grow around 6 percent in 2017, just like it did this year, a state-run newspaper quoted Chinese industry minister Miao Wei as saying on…
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Heralding social, financial change, China aims blow at iron rice bowl
EghtesadOnline: China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country's "iron rice bowl".
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China should target 6.5 percent economic growth in 2017: think tank
EghtesadOnline: China should set an economic growth target of around 6.5 percent for 2017, although it is very likely that it will be able to exceed that level, the State Information Center said…
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China will stick to 'going out' strategy amid outflow concerns
EghtesadOnline: China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/2-year lows revives worries about capital…
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China may look at banks' cross-border yuan business in risk assessments: Caixin
EghtesadOnline: China's central bank is considering including cross-border yuan business into its assessment of macro-prudential risks in the country's financial system, online finance magazine…
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China to probe illegal expansion in coal, steel sectors
EghtesadOnline: China will send inspection teams to investigate and severely punish illegal expansion by coal and steel firms as part of its efforts to slim down the two industries, the country's…
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China says it will promote trade deals regardless of TPP, RCEP direction
EghtesadOnline: China said it will actively participate in bilateral and multilateral trade deals, with the goal of deepening reform and opening up its economy, regardless of the direction the…
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Trump's pullout of TPP opens way for China
EghtesadOnline: An Asia-Pacific trade deal stands almost no chance of working now that U.S. President-elect Donald Trump has pulled the plug on it, proponents of the pact said on Tuesday, opening…
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With Trump win, China looks to seize Asia free trade leadership
EghtesadOnline: China will position itself as free trade's new champion at an Asia-Pacific summit this weekend, with the Communist government seeking to project economic leadership as a U.S.-led…
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Another Financial Warning Sign Is Flashing in China
EghtesadOnline: Add another credit indicator to the financial warning signs flashing in China. The adjusted loan-to-deposit ratio, which includes a range of off-balance sheet items and is an…
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China data point to steadier economy for now, but Trump victory adds to risks
EghtesadOnline: China's economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President…
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Investors dodge China's whack-a-mole outflow curbs
EghtesadOnline: While Beijing has been busily damming up official channels for money to leave China, more than ever is leaking out through shady means as investors flee the country's slowing…
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Trump's Win May Be Asia's Loss
EghtesadOnline: Just when China's economy seemed to be stabilizing, Donald Trump's election as U.S. president poses significant new risks. Not just for Chinese growth, but the entire Asia region.…
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China stocks climb to 10-month high as Trump fears turn to hope
EghtesadOnline: China stocks rose to a fresh 10-month high on Thursday, joining a surprise turnaround in global markets in the wake of a shock win for Republican Donald Trump in the U.S. presidential…
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Beijing says EU's proposed reforms against Chinese exports disappointing
EghtesadOnline: China is disappointed that the European Union hasn't completely recognized its market economy status, commerce ministry spokesman Shen Danyang said on Thursday in a sign that…
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China Oct exports, imports fall more than expected
EghtesadOnline: China's exports and imports fell more than expected in October, with weak domestic and global demand adding to doubts that a pick-up in economic activity in the world's largest…
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China Premier Li says economy to maintain steady growth
EghtesadOnline: China will maintain steady growth and speed up economic transformation, Chinese Premier Li Keqiang said on Saturday, adding that the world's No. 2 economy would be able to overcome…
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Beijing may seem dynamic, but it’s heading down a path we’ve seen before.
Is China Repeating Japan’s Missteps?
EghtesadOnline: China and Japan may seem to inhabit alternative economic universes. After more than two decades of stagnation, Japan is a fading global power that can’t seem to revive its fortunes…
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Crude Rises on OPEC Deal Optimism; Chinese Data Weighs on Stocks
EghtesadOnline: Oil rose on signs the world’s largest producers will honor a deal to pare a surplus, boosting currencies of exporters including the ruble, while Chinese economic data damped demand…
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China Growing at 6.7% Opens Window to Deliver Debt-Curb Vow
EghtesadOnline: China’s economic growth remained stable in the third quarter, all but ensuring the government’s full-year growth target is met and opening a window for policy makers to deliver…
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China third quarter GDP grows 6.7 percent as expected as construction booms, debt rises
EghtesadOnline: China's economy expanded at a steady 6.7 percent in the third quarter and looks set to hit Beijing's full-year target, fueled by stronger government spending, record bank lending…
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China 2016 economic growth seen slowing to 6.6 percent, 6.5 percent in 2017: Reuters poll
EghtesadOnline: China's economic growth is expected to cool to 6.6 percent this year and slow further to 6.5 percent in 2017, even as the government keeps up policy support to help ward off a…
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China to Cut Red Tape to Boost Foreign Investment
EghtesadOnline: China has vowed to cut red tape and ease rules for overseas investors in a bid to boost the economy and counter a decline in private investment.