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January 28, 2015
China's economy not headed for 'hard landing': PM
Davos, Switzerland (AFP) Jan 21, 2015
China's Premier Li Keqiang sought Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown. A day after China posted the weakest growth in almost a quarter of a decade, Li vowed to push on with structural reforms which he said would deliver "quality growth" rather than just a high top-line figure. "What I want to emphasise is that regional or systemic financial crises will not hap ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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China bank lending up in 2014 as govt seeks credit boost
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China's economic growth slows to 24-year low: govt
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Tycoon Li Ka-Shing losing status as China business 'bellwether': paper
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China December inflation rises to 1.5%: govt
Chinese inflation rebounded marginally in December, the government said Friday, but economists warned of deflationary threats and called for more monetary stimulus to boost slowing growth in the world's second-largest economy. ... more
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Standard Chartered to axe further 2,000 jobs
Standard Chartered said Thursday it would close a swathe of its global equities business and axe 2,000 jobs around the world this year as it tries to make savings of $400 million as part of a structural overhaul. ... more
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China December manufacturing index at 49.6: HSBC
China's manufacturing activity contracted in December, HSBC's closely watched purchasing managers' index (PMI) showed Wednesday, as the world's second-largest economy is buffeted by domestic headwinds. ... more
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Brazil: Economy struggles as Rousseff begins 2nd term
Brazil's President Dilma Rousseff will be sworn in for her second term Thursday before thousands of cheering supporters, but any moment of triumph will surely be short lived. ... more
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Japan approves $29 bn stimulus package
The cabinet of Japanese Prime Minister Shinzo Abe approved a fresh stimulus package worth $29 billion Saturday in a bid to boost the economy, hit hard by a tax hike. ... more
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China December manufacturing index falls to 7-month low: HSBC
China's manufacturing activity worsened in December with HSBC's closely watched purchasing managers' index (PMI) hitting a seven-month low, the bank said Tuesday, signalling more weakness in the world's second-largest economy. ... more
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Japan economy key after Abe landslide: analysts
Prime Minister Shinzo Abe was getting down to a second consecutive term in office Monday after a thumping election win, with analysts warning he needed to make good on his promise to fix Japan's economy. ... more
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China's November industrial output at three-month low
China's industrial output expanded at its slowest pace in three months in November, official data showed Friday, with other key indicators also pointing to weakness in the world's second-largest economy. ... more
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China November industrial output at three-month low
China's industrial output expanded at its slowest pace in three months in November, official data showed Friday, with other key indicators also pointing to weakness in the world's second-largest economy. ... more
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China boosts bank liquidity with $65 billion fund injection
China's central bank has stepped up its efforts to pump more cash into its banking system with a $65 billion fund injection, Dow Jones Newswires reported Thursday. ... more
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Under pressure Swiss banks eye Chinese wealth
Switzerland's banking sector, facing the end of the secrecy that was once the bedrock of its business, is turning to China as it seeks new markets for the future. ... more
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China November inflation falls to five-year-low 1.4%: govt
China's consumer inflation fell to a five-year low of 1.4 percent in November, the government said Wednesday, fuelling concern about the danger of deflation in the world's second-largest economy. ... more
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China leaders convene to forge key 2015 economy policies
China's top leaders opened a meeting Tuesday to craft economic policies for 2015 as the world's second-largest economy embraces slower long-term growth, state media reported Tuesday. ... more
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India says won't sacrifice growth at climate talks
India will not sign any deal to cut greenhouse gas emissions at UN climate talks that threatens its growth or undermines its fight against poverty, the environment minister said Friday. ... more
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China 2015 GDP target in focus as stimulus expectations heat up
China is poised to cut its growth target for the first time in three years and ramp up stimulus as the economy comes under increasing downward pressure, analysts say ahead of a key policymakers' conference expected this week. ... more
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China bank ICBC plans $5.6 bn preferred share issue
The Industrial and Commercial Bank of China (ICBC) will sell more than $5.60 billion worth of preferred shares offshore in three different currencies, it said Thursday, as the world's biggest lender bolsters its capital. ... more
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US: Chinese economy should wean from cheap labor model
The United States on Wednesday said China needs to move away from its cheap labor and export-focused economy to maintain growth in the years ahead. ... more
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Corruption worsening in Turkey, China: Transparency
Corruption has worsened in China, Turkey and other fast-growing economies, a watchdog warned Wednesday, urging the world's banking centres to help combat graft and money-laundering. ... more
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China to implement property registration in March: report
China will implement long-awaited property registration rules from March, a Chinese media outlet said Tuesday, in a move that could give the country's anti-corruption investigators extra ammunition and pave the way for new taxes. ... more
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China plans deposit insurance in long-awaited reform
China on Sunday moved closer to introducing deposit insurance, a long-awaited economic reform seen as a way to impose greater market discipline on the country's banks. ... more
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Italy PM moots temporary nationalisation of troubled steel plant
Italian Prime Minister Matteo Renzi on Sunday floated the idea of nationalising during "two or three years" the country's loss-making Ilva steel plant, one of Europe's most polluting. ... more
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Innovation hatching in Greece amid slow economic revival
A taxi-tracking tool, a head-hunting engine and a vertical gardening company - all business startups that have paradoxically emerged from a Greek economy long in the doldrums. ... more
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China manufacturing growth at eight-month low: govt
China's manufacturing growth skidded to an eight-month low in November, an official survey showed Monday, fuelling speculation authorities will take further steps to stimulate the world's second-largest economy. ... more
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Tibetan tapestry fetches record $45 million in Hong Kong
An ancient Tibetan silk tapestry has set a world record for Chinese art after it was sold to a Shanghai tycoon for $45 million (HK$348 million) at auction in Hong Kong, according to Christie's. ... more
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