China Economy
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The Harvard-Educated ‘Brain’ Behind China’s Economic Transformation
EghtesadOnline: When Liu He takes to the lectern in Davos on Wednesday, the Harvard-educated technocrat will move further into the spotlight that’s been aimed at him since his elevation to China’s…
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Eight Ways Xi Jinping Thought Could Change China's Economy
EghtesadOnline: By adding “Xi Jinping Thought” to its constitution, the Communist Party of China has signaled that it will put environmental protection and other quality-of-life issues on more…
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China's economy seen growing 6.8 percent in 2017 and 6.4 percent in 2018: Reuters poll
EghtesadOnline: China’s economy will likely grow 6.8 percent in 2017, topping the state target and accelerating for the first time in seven years, a Reuters poll showed, as Beijing walks a tightrope…
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China Factory Gauge Shows Robust Economy as Price Outlook Surges
EghtesadOnline: China’s official factory gauge rebounded, suggesting the economy may remain robust enough to offer policy makers more room to continue curbing financial risks.
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Early China Data Show Diverging Views, Stable Growth Outlook
EghtesadOnline: The earliest gauges of how China’s economy has fared this month show diverging sentiment among businesses, though the outlook is underpinned by expectations that the expansion…
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China July industrial profits rise at slowest pace in three months
EghtesadOnline: Earnings growth for China’s industrial firms cooled in July after accelerating for three straight months, reinforcing expectations the economy will slow over coming quarters as…
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U.S. Says It Will Fight ‘Distortions’ Caused by China's Economy
EghtesadOnline: The U.S. said it will combat the “distortions” to the world economy created by China’s economic system, especially in markets for steel and aluminum.
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Yuan Set for Longest Run of Gains Since 2015 on Fixing, GDP Data
EghtesadOnline: The onshore yuan rose for the sixth day in a row, the longest run of gains since 2015, boosted by a stronger central bank fixing and data showing China’s economy held up in the…
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China's economy holds up in May but slowing investment points to cooling
EghtesadOnline: China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually…
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JPMorgan’s Dimon Says China Has Made ‘Huge Progress’ on Reforms
EghtesadOnline: JPMorgan Chase & Co.’s Chief Executive Officer Jamie Dimon said China has made “huge progress” on market reforms and he would like to increase his firm’s businesses in the nation.
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Rest Assured. China Has Its Economy's Back
EghtesadOnline: The People’s Bank of China has surprised many with its tolerance for market pain as it squeezes leverage in parts of the financial system.
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China April industrial profits up 14 percent but slowing pace stokes economy worries
EghtesadOnline: Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March's pace and adding to concerns that…
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China's reforms not enough to arrest mounting debt: Moody's
EghtesadOnline: China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road…
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China Manufacturing Gauge Declines From Almost Five-Year High
EghtesadOnline: China’s official factory gauge declined on lower commodity prices, clouding the outlook for sustaining the past two quarters’ acceleration in economic growth.
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China policymakers bullish on economy, cite strong first-quarter GDP, stable yuan
EghtesadOnline: Policymakers in China are pushing a bullish message on the world's second-biggest economy after a solid first quarter, pointing to a slow down in capital outflows and a stable…
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Manufacturing and retail recovery drives China's solid Q1 growth
EghtesadOnline: A recovery in China's industrial sector, which accounts for about one-third of the economy, drove China's better-than-expected first quarter economic growth as export orders picked…
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“What he found fundamentally changes the way we think.”
The Controversial Chinese Economist Uncovering Tough Truths
EghtesadOnline: Economist Gan Li and his researchers at Chengdu’s Southwestern University of Finance and Economics are gearing up for their national survey of Chinese households, which begins…
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Chinese growth prospects improved, policy still prudent: PBOC's Zhou
EghtesadOnline: Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world's second-largest economy, but its monetary policy remains prudent and neutral.
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China should moderately control budget deficit ratio: vice finance minister
EghtesadOnline: China, which has left its 2017 budget deficit target unchanged from last year's goal, should moderately control its budget deficit ratio, Vice Finance Minister Zhu Guangyao said…
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China's Imports Surge in February, While Exports Miss Estimates
EghtesadOnline: China’s imports surged from a year earlier, posting the biggest gain in at least two years of yuan-denominated data. Economists said seasonal factors mostly explain the swing.
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Facing Economic Challenges, China Trims 2017 GDP Target
EghtesadOnline: Chinese Premier Li Keqiang warned Sunday the world's second-largest economy faces severe challenges, signaling a further deceleration as he announced a trimmed 2017 GDP growth…
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China February factory growth beats expectations as global demand improves
EghtesadOnline: China's factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even…
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China says policies unaffected by Trump plan to bring factories back to U.S.
EghtesadOnline: China is closely following U.S. President Donald Trump's plans to create more domestic jobs by encouraging U.S. companies to bring home or "reshore" their overseas production,…
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As China’s Doors Open, Foreign Investors Worry About Exits
EghtesadOnline: China’s doors to foreign investors may be opening ever wider, but that’s not enough for many worried about finding an exit.
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China economy faces more pressure and global uncertainty: premier
EghtesadOnline: China's economy will face more pressure and problems in 2017, with changes in global politics and challenges to economic rules adding further uncertainty to the outlook, Premier…
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China vehicle sales to grow 5 percent in 2017 as tax cut reduced
EghtesadOnline: China's vehicle sales jumped 13.7 percent in 2016, the fastest pace in three years, thanks to a tax cut on small-engine cars but growth is expected to slow this year as the incentive…
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Big China bitcoin exchange says no government pressure on outflows
EghtesadOnline: The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and despite…
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China Is Planning a New, Relaxed Approach to Growth
EghtesadOnline: As China’s top leaders tallied the cost of another year of debt-fueled growth at a December meeting, the imperative for stability as a leadership reshuffle loomed later this year…
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China is confident economy grew 6.7 percent in 2016
EghtesadOnline: China is confident to have reached an economic growth of 6.7 percent in 2016, within a targeted range set earlier in the year, Vice Finance Minister Zhu Guangyao said on Sunday.
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China December forex reserves fall for sixth month, near $3 trillion level
EghtesadOnline: China's foreign exchange reserves fell for a sixth straight month in December to the lowest since early 2011, but held just above the critical $3 trillion level, as authorities…