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November 27, 2014
China blames politics for Indonesia development bank delay
Beijing (AFP) Nov 27, 2014
China said on Thursday that "domestic reasons" had caused Indonesia to delay joining a new infrastructure bank seen as an attempt by Beijing to rival Western-backed international development banks. Indonesia, Japan and South Korea were absent when China and 20 other countries agreed in Beijing last month to found the Asian Infrastructure Investment Bank (AIIB), expected to have an initial capital of $50 billion. But Indonesian finance minister Bambang Brodjonegoro signed an agreement to join the ... read more

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Tech, medical sectors mixed on Obama's immigration changes
Nestled in President Barack Obama's plan to overhaul aspects of the US immigration system are tweaks to rules for high-skilled workers long frustrated with hurdles to getting work or residency approval. ... more
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China central bank cuts interest rates in surprise move
China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy. ... more
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Ageing Japan struggles to make immigrants feel at home
The first word Mr En learned when he started work on a construction site in Japan after moving from China was "baka" - "idiot". ... more
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Risky rewards for China's overseas investment boom
China's inexorable economic rise is set to see it become a net global investor after decades of Western money flowing into the country, but analysts warn the change offers risks as well as profits. ... more
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Beijing denies blocking G20 corporate transparency talks
China on Thursday denied accusations it is blocking an agreement on corporate transparency at the upcoming G20 summit in Brisbane, which President Xi Jinping will attend. ... more
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China cosies up to ASEAN with $20 billion in loans
China on Thursday offered $20 billion in loans and floated the possibility of a "friendship treaty" with Southeast Asian nations, in an apparent bid to defuse regional tensions which spiked this year over contested seas. ... more
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China's economic risks 'not that scary': Xi
The financial risks China faces are "not that scary", President Xi Jinping said Sunday as leaders of the world's second-largest economy look to transition from decades of super-charged growth to more sustainable expansion. ... more
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China October manufacturing at tepid three-month high: HSBC
China's manufacturing growth picked up to a three-month high in October, a closely watched private survey confirmed Monday, but did little to counter a picture of slowing growth in the world's second-largest economy. ... more
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Shanghai mayor pledges to speed up FTZ reform
Shanghai's mayor promised Sunday to speed up development of China's first free trade zone (FTZ) a year after it opened, as a chorus of foreign companies expressed disappointment over the pace of pledged reforms. ... more
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China manufacturing growth slows in October: govt
Chinese manufacturing growth slowed in October, the government said Saturday, as the world's second-largest economy expands at its weakest pace in five years. ... more
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Bank of Japan expands monetary easing plan as economy slows
The Bank of Japan ramped up its vast monetary easing programme Friday - sending the yen plunging and stocks soaring - in a surprise move aimed at reviving growth just as the Federal Reserve winds down its own stimulus spree. ... more
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US economy clocks solid growth in third quarter
The US economy grew at a faster-than-expected 3.5 percent pace in the third quarter helped by stronger exports and defense spending, suggesting enough momentum to do without Federal Reserve stimulus. ... more
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Japan factory output posts surprise jump but recovery unclear
Japan's September factory production posted its biggest rise in eight months, official data showed Wednesday, but the news failed to dispel doubts about the strength of the wider economy following a recent string of weak figures. ... more
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Shaky Japanese economy hit by growing trade deficit
Japan's shaky economy was dealt another blow Wednesday, as official data showed a widening September trade deficit that puts the world's number-three economy on track to log a record annual shortfall. ... more
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Firm in China's first bond default to be restructured
Creditors of the firm responsible for China's first domestic bond default have approved a restructuring plan in hopes of getting their money back, in an effective bail-out seven months after the landmark event. ... more
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China economic growth falls to five-year low of 7.3%: govt
China's gross domestic product (GDP) expanded in the third quarter at its slowest pace since the depths of the global financial crisis, official data showed Tuesday, but analysts said the world's second-largest economy may have bottomed out. ... more
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APEC finance chiefs see 'downside risks' to global economy
The global economy is beset by increasing "downside risks", Asia-Pacific finance chiefs said Wednesday, a day after growth in China hit a five-year low. ... more
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China overseas investment almost doubles in September: govt
China's overseas investment almost doubled year-on-year to $9.79 billion in September, the government said Thursday, again exceeding incoming funds even though they recovered from multi-year lows. ... more
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Son of China's former premier quits investment bank
The son of China's former premier Zhu Rongji has resigned as head of the country's top investment bank China International Capital Corp (CICC), the company said Tuesday, but gave no reason for his departure. ... more
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China's economic rise challenges IMF
The International Monetary Fund was launched in 1944 with the world's new superpower, the United States, in position as the key force and shareholder in the global crisis bank. ... more
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China exports and imports surge ahead of expectations
China's exports and imports both rose more than expected in September, Customs data showed Monday in a positive signal for the world's second-largest economy, but analysts warned that fundamentals remained weak. ... more
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No need for big stimulus in China: PBOC economist
China's slowing economy does not need any big stimulus, because the jobs market continues to be strong, the Chinese central bank's chief economist said Saturday. ... more
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China September inflation slows to near five-year low
Inflation in China fell to 1.6 percent in September, the government said Wednesday, below analysts' forecasts and the lowest in the world's second-largest economy for almost five years. ... more
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Microsoft CEO gaffe fuels debate on women in tech
Microsoft chief executive Satya Nadella's gaffe over women, pay raises and karma comes as the US tech industry is facing up to questions over diversity and gender equality. ... more
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