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October 20, 2017
China's Xi vows open economy, investors want action
Beijing (AFP) Oct 18, 2017
President Xi Jinping vowed on Wednesday to further open China's economy to the world, but foreign companies and investors who have complained of "promise fatigue" called for deeds rather than words. Xi made his pledge during a wide-ranging speech to open a week-long Communist Party congress that will hand him a new five-year term as general secretary. "Openness brings progress for ourselves, seclusion leaves one behind. China will not close its doors to the world, we will only become more and mo ... read more

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Xi says China 'will not close its doors to the world'
President Xi Jinping vowed on Wednesday that China's economy would open further to the world, on the first day of Communist party congress which foreign investors will scrutinise for signs that Beijing will pursue market reforms. ... more
As Xi ascends, will economic reforms finally take off?
As Chinese President Xi Jinping prepares for a second five-year term, foreign investors will be watching for any sign of his long-promised reforms to further open up the world's second-largest economy. ... more
Hiring not part of Alibaba pledge to create US jobs
Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm's e-commerce platform - not by hiring American workers. ... more
S. Korea, China renew $56 bn currency swap deal despite diplomatic tensions
South Korea and China have renewed a $56 billion currency swap deal, Seoul said Friday, despite tensions over the controversial deployment of a US anti-missile system in the South. ... more
China's imports from North Korea fall as trade with world surges
China's imports from North Korea fell for the seventh month in a row, official data showed Friday, after Beijing vowed to apply UN sanctions to pressure Pyongyang over its nuclear and missile tests. ... more
US inflation jumps in the wake of Hurricane Harvey
Soaring fuel prices drove US inflation to an eight-month high in September, with the cost of gasoline hitting an eight-year record, the Labor Department reported Thursday. ... more
US moves closer to EU position on taxing tech giants
Washington is softening its position on European plans to impose taxes on US tech giants such as Apple and Google, officials said this week. ... more
Energy-hungry China takes step to buffer against economic shocks
The central bank in energy-hungry China injected funds into the economy Friday in an effort to offset risk and protect against bubbles. ... more

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With a gilded cage visible from Trump Tower, Ai Weiwei honors pro-migrant New York
He has worked his way through refugee camps, capturing the stories of migrants across the world. Now celebrated Chinese artist Ai Weiwei has brought the fruits of his labor to New York, scattering over 300 works across the metropolis. ... more
US, Turkish military relations good amid diplo spat: Mattis
US and Turkish military forces continue to work well together, Defense Secretary Jim Mattis said Wednesday amid a diplomatic row between the two NATO partners. ... more
IMF raises China growth forecast for 2017 to 6.8 pct
The International Monetary Fund raised its growth forecast for China on Tuesday but again warned of risks stemming from the build-up of debt in the world's second largest economy. ... more
Evergrande boss is wealthiest as China's rich get richer
The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's $43 billion fortune catapulting him to the top, a survey released Thursday said. ... more
Russia marks win in bitcoin suspect tussle with US
A tug-of-war between the US and Russia over the extradition of a Russian national suspected of bitcoin-related fraud went into a new round on Wednesday when a Greek court backed Russia's claim. ... more
Researchers look for ancient trade routes at the bottom of the Mediterranean
A team of researchers from the University of Toronto are retracing the paths of Bronze Age Mediterranean traders by studying ancient anchorages along the coast of Cyprus. ... more
Outsiders challenge Chicago school for Nobel economics prize
The 2017 Nobel season wraps up Monday with the economics prize, which could this year honour fields rarely awarded by the committee, such as development economics or French economist Esther Duflo's research on poverty. ... more
EU targets China with tough rules on cheap imports
The EU reached a landmark agreement on Monday on tough new rules against cheap imports in a move that risks embittering already tense relations with Beijing. ... more

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$37.7 million bowl sets Chinese ceramic auction record
A 1,000-year-old bowl from China's Song Dynasty sold for US$37.7 million in Hong Kong on Tuesday, breaking the record for Chinese ceramics, auction house Sotheby's said. ... more
Macau casino scion rolls dice on Japan venture
Casino magnate Lawrence Ho - son of Macau gaming legend Stanley Ho - is eyeing a major foray into Japan as he seeks to broaden his family's reach beyond the world's biggest gambling hub. ... more
Chinese manufacturing accelerates for second straight month
China's manufacturing activity accelerated for a second straight month in September, official figures showed Saturday, although an independent indicator was less positive about the world's second largest economy. ... more
Myanmar's conflict-hit Rakhine a magnet for Chinese cash
Battered by global outrage over an army crackdown on Rohingya Muslims, Myanmar has found comfort in an old friend - China, an Asian superpower whose unflinching support is tied to the billions it has lavished on ports, gas and oil in violence-hit Rakhine state. ... more
US commerce secretary hopeful about Trump-Xi trade talks
US Commerce Secretary Wilbur Ross on Wednesday said he was optimistic about trade talks between President Donald Trump and his Chinese counterpart Xi Jinping when they meet in November. ... more
US commerce secretary says to focus on reducing defict with China
US Commerce Secretary Wilbur Ross will return to Beijing in November to focus on reducing the US trade deficit with China, the Commerce Department announced. ... more
China rust belt opens door wider to foreign investors
Trucks carrying hi-tech car components rumble in and out the gates of an American industrial zone in the heart of China's rust belt - using roads that the city especially renovated for the complex. ... more
Chinese vase sells for 10,000 times estimated price in Geneva
A Chinese vase valued between 500 and 800 Swiss francs has sold for a record five million Swiss francs, a Geneva auction house said. ... more
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