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China lays out its vision to become a tech power
March 6, 2016 by elegant · Leave a Comment
China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent…
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China lays out its vision to become a tech power
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Global uncertainty, instability pose risk to China’s economic growth: NDRC
March 6, 2016 by creative · Leave a Comment
BEIJING (Reuters) – The global economy remains uncertain and unstable, posing a risk to China's economic growth, the country's top economic planner said on Sunday.
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Global uncertainty, instability pose risk to China’s economic growth: NDRC
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U.S. urges China to keep moving to a market-oriented exchange rate
February 28, 2016 by publisher · Leave a Comment
U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market. Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following a G
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U.S. urges China to keep moving to a market-oriented exchange rate
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G20 communique says monetary policy alone cannot bring balanced growth
February 27, 2016 by elegant · Leave a Comment
Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to provide balanced growth. In a joint communique issued at the end of the two-day conference of G20 central bankers and finance ministers in Shanghai, participants repeated previous pledges not to engage in
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G20 communique says monetary policy alone cannot bring balanced growth
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U.S., Apple ratchet up rhetoric in fight over encryption
February 21, 2016 by admin · Leave a Comment
By Dustin Volz and Julia Edwards WASHINGTON (Reuters) – The U.S. Department of Justice filed a motion on Friday seeking to compel Apple Inc to comply with a judge's order to unlock the encrypted iPhone belonging to one of the San Bernardino shooters, portraying the tech giant's refusal as a “marketing strategy.” In response, a senior Apple executive, speaking with reporters on condition of anonymity, characterized the Justice Department&#…
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U.S., Apple ratchet up rhetoric in fight over encryption
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China removes stocks regulator head after market woes
February 21, 2016 by creative · Leave a Comment
By Adam Jourdan SHANGHAI (Reuters) – China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the official Xinhua news agency on Saturday follows a string of assurances from senior leaders following the Lunar New Year holiday that China…
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China removes stocks regulator head after market woes
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Asia shares rise despite weak China, Japan data; firmer yuan helps
February 15, 2016 by admin · Leave a Comment
Asian shares snapped a five-session losing streak on Monday as China's central bank fixed the yuan sharply stronger, easing fears of depreciation for now, though a string of weak data from Japan to China and Indonesia suggested the bounce may be short-lived. European shares were set to follow Asia higher. Most stock markets in
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Asia shares rise despite weak China, Japan data; firmer yuan helps
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China Lunar New Year holiday retail sales up 11.2 percent year-on-year
February 13, 2016 by elegant · Leave a Comment
BEIJING (Reuters) – China's retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday.
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China Lunar New Year holiday retail sales up 11.2 percent year-on-year
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U.S. labor market on solid ground as jobless rate hits eight-year low
February 6, 2016 by publisher · Leave a Comment
U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a
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U.S. labor market on solid ground as jobless rate hits eight-year low
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China says EU should take steel dumping claims to WTO
February 6, 2016 by creative · Leave a Comment
China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry's website on Saturday. The EC is set to impose provisional duties later this month of up …
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China says EU should take steel dumping claims to WTO