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Date:2011/09/22
It is reported that China's iron ore market has slipped further due to the comparatively soft demand. At present, the price for the iron ore concentrate (wet basis) with Fe content of 66% Tangshan region is approximately 1030 to 1040 yuan per t,...
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Date:2011/09/22
Hong Kong stocks plunged 595.38 points, or 3.16 percent, to 18,228.79 on Thursday shortly after opening tracking losses on U.S. markets.
Heavyweight HSBC edged down 2.86 percent to 61.1 HK dollars, and China Mobile lost 1.94 percent at 78.25 HK doll...
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Date:2011/09/20
Earnings of foreign banks in China grew more slowly last year than those of their Chinese counterparts, according to a report published on Sept 19.
Profit at the China operations of foreign banks increased 24 percent on average, but one-third posted...
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Date:2011/09/21
The China Iron & Steel Association (CISA), the country's steel lobby, will begin publishing its weekly iron ore index "CIOPI" every Monday, starting in October.
The index, released in conjunction with the China Chamber of Commerce of ...
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Date:2011/09/20
China's State-owned enterprises (SOEs) reported a monthly decline in profits in August though major indicators pointed to a robust growth above 20 percent year-on-year, according to a statement by the Ministry of Finance on Sept 19.
The country...
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Date:2011/09/21
The 7th Pan-Pearl River Delta (PPRD) Regional Cooperation and Development Forum, China's largest regional cooperation platform which covers a geographical area that produces around one-third of the country's GDP, opened Sept 21 i...
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Date:2011/09/20
Chinese experts said local governments' debts risks are controllable, seeking to ease concerns that the country's credit binge will result in a rise in bad loans and derail economic growth.
According to the country's top auditin...
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Date:2011/09/21
The second China-Arab States Economic and Trade Forum opened Sept 21, with the aim of further strengthening economic and trade ties between China and Arabic states.
China's top political advisor Jia Qinglin, who chairs the National Committee of...
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Date:2011/09/20
The Chinese currency Renminbi, or the yuan, weakened 32 basis points to 6.388 per U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0....
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Date:2011/09/21
To ordinary Chinese, Europe's sovereign debt woes appear largely removed from them, but for the country's foreign currency dealers the impact has come more suddenly than expected.
The central parity rate of the Chinese currency yuan, or ren...
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Date:2011/09/19
China does not intend to pursue a large and continuous trade surplus, Vice Minister of Commerce Wang Chao said Friday.
Speaking at a forum commemorating the 10th anniversary of China's entry into the World Trade Organization (WTO), Wang called ...
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Date:2011/09/21
The Chinese currency Renminbi, or the yuan, strengthened 108 basis points to 6.3772 per U.S. dollar on Wednesday, a fresh high since the reform of the yuan's exchange rate formation mechanism, according to the China Foreign Exchange Trading syst...
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Date:2011/09/19
The United Nations Development Programme (UNDP) will work with China to advance inclusive and sustainable growth, said a UNDP official Friday.
"China's leaders understand the importance of inclusive growth, " said Rebecca Grynspan, UN Under-Sec...
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Date:2011/09/21
China's stocks inched up at opening on Wednesday with the benchmark Shanghai Composite Index up 0.10 percent to open at 2,450.12.
The Shenzhen Component Index opened 0.04 percent higher at 10,683.29.
Source: Xinhua
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Date:2011/09/19
A final ruling by China's Ministry of Commerce (MOC) said Friday that European Union members have subsidized potato starch exports to China, which has hurt the interests of China's domestic producers.
China will impose duties ranging 7.5 t...
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Date:2011/09/21
According to the data released by MOFCOM on September 21, China's domestic constructive steel price declined by 0.4% last week compared to prior week and by 0.9% as compared to middle August. This is also the fourth consecutive weekly decline. T...
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Date:2011/09/19
Months before the central government declared war on the "gray" money market, merchants in Wenzhou had sensed the coming showdown and rushed to dump the properties they'd acquired with loans from underground lenders.
The sell-off has sent...
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Date:2011/09/20
China's local financing vehicles could face the rising risk of bad loans and major problems might emerge as early as 2013, a report by a major Chinese asset management company released on Sept 19 said.
The non-performing loan (NPL) ratio ...
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Date:2011/09/19
As time goes on, the market participants have expressed pessimistic outlooks towards the traditional peak season in September due to the soft market demand.
Firstly, China’s steelmakers have encountered formidable challenges considering of th...
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Date:2011/09/20
Accordingly, Shangxi's coke market had suffered from the serious price inversions since April of this year. Consequently, in order to offset the losses, Shangxi's coke enterprises had to hike their EXW prices by 30-50 yuan per t in A...