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Date:2011/08/31
Spurred by favorable performance of the gaming sector, Macao's Gross Domestic Product (GDP) for the second quarter of 2011 grew 24 percent year-on-year, according to the figures released on Tuesday by Macao's Statistics and Census Service (...
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Date:2011/08/31
China will eliminate tariffs and value-added taxes on equipment and components used to develop coalbed methane (CBM) refining in mines starting this year, according to a joint statement issued by the Ministry of Finance (MOF) and other central govern...
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Date:2011/08/30
China's stocks fell Tuesday, as the benchmark Shanghai Composite Index edged down 0.38 percent, or 9.82 points, to 2,566.60.
The Shenzhen Component Index lost 0.25 percent, or 27.93 points, to finish at 11,344.45.
Source: Xinhua
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Date:2011/08/29
Markets often show perverse and unexpected behavior. There are times when the market anticipates bad news about a stock. When the bad news is announced, the price rises because the news is not as bad as anticipated. At other times the market anticipa...
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Date:2011/08/30
China was tied for second place in global mining transactions in the first half of this year, after the United States, as the country pursued resources to fuel its economic growth, experts from consultancy company KPMG LLP told China Daily on Monday....
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Date:2011/08/29
China is targeting 3 gigawatts (gW) of roof-mounted solar power generating capacity by 2015 and 25 gW by 2020, Reuters reported, citing the China Securities Journal.
If the goals are confirmed, they suggest a third of China's solar power capacit...
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Date:2011/08/30
Local governments are unlikely to default on their debt, although some might face liquidity risks in repaying debts in the short term, economists said.
Xu Lin, head of the fiscal and financial department of the National Development and Reform ...
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Date:2011/08/29
In a bid to cool down real estate speculation, officials are building a database, to be shared among 40 cities, where information about property ownership will be readily accessible.
"The shared database will involve two procedures," an offici...
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Date:2011/08/30
Guangzhou - Binchuan Metals Co has had weekly power blackouts this summer and uses 2,000 liters of diesel every month to fuel its own generators.
"This adds to our costs," said the head of its administrative department, surnamed Tang.
The...
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Date:2011/08/29
China's stocks opened lower on Monday with the benchmark Shanghai Composite Index down 0.64 percent to open at 2,595.47. The Shenzhen Component Index opened 0.89 percent lower at 11,464.88.
Source: Xinhua
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Date:2011/08/30
Hong Kong's Census and Statistics Department announced Monday that the value of total retail sales of the city in July was provisionally estimated at 35.2 billion HK dollars (4.52 billion U.S. dollars), up 29.1 percent year on year.
According t...
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Date:2011/08/29
The Chinese currency Renminbi, or the yuan, strengthened 67 basis points to a record high of 6.3883 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed t...
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Date:2011/08/30
The Chinese currency Renminbi, or the yuan, strengthened 34 basis points to a record high of 6.3849 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...
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Date:2011/08/26
According to the news released by China Minmetals and Xingxing Cathay International Group on August 25, they have commissioned a new iron ore program in their New India Steel with the annual pellet output of 0.8 million t. It is reported that...
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Date:2011/08/30
China's stocks opened higher on Tuesday with the benchmark Shanghai Composite Index up 0.63 percent to open at 2,592.6. The Shenzhen Component Index opened 0.75 percent higher at 11,457.93.
Source: Xinhua
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Date:2011/08/26
China's top five banks reported a total of 48.99 trillion yuan ($7.65 trillion) in total assets as of the end of July, 1.23 trillion yuan less than that of June, the country's top banking regulator said Thursday.
The five banks include the Industria...
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Date:2011/08/30
According to the data released by Hefei Customs recently, in the first seven months of this year, Anhui province has exported 0.41 million t steel products, rising by 17.2% year over year. Among them, the plates, bars and sections are the main export...
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Date:2011/08/26
Reports of China's losses in Libya are inaccurate, said Shen Danyang, spokesman of the Ministry of Commerce, on Wednesday. China does not have direct investments in Libya, only contract projects, he said.
"Any government in any county will cons...
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Date:2011/08/29
According to the data released by CISA (China Iron and Steel Association), China's registered steelmakers have contributed a daily crude steel output of 1.633 million t in middle August, up 0.21% as compared to early August. Meanwhile, China...
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Date:2011/08/26
Domestic prices might stay high even as government measures to rein in rapidly rising inflation take effect, Zhang Ping, chairman of the National Development and Reform Commission (NDRC), said on Thursday.
"The fact that global liquidity remai...