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July 03, 2015
France woos Chinese investors as PM wraps up fruitful trip
Toulouse, France (AFP) July 2, 2015
French Prime Minister Manuel Valls promised Chinese investors "the best welcome in all of Europe" as his Beijing counterpart wrapped up a visit in which he signed billions of euros in accords with France. Chinese premier Li Keqiang inked more than 50 deals on his three-day visit to France which rolled out the red carpet in a bid to boost ties with the Asian giant and breathe life back into its own struggling economy. Paris used the opportunity to try to lure more Chinese investors and rebalance ... read more

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Framework for China-led international bank signed
Countries from five continents formally signed up Monday to the China-led Asian Infrastructure Investment Bank - a potential rival to the Washington-based World Bank - as Beijing steps up its global diplomatic and economic role. ... more
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US, China bridge some economic differences in Washington talks
US and Chinese negotiators bridged some differences over economic policy in annual bilateral talks Wednesday, even as the two countries continue to wrestle with major strategic disagreements. ... more
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Striking French sailors block Calais port, Channel Tunnel
Hundreds of protesting French sailors on Tuesday forced the suspension of Eurotunnel services between France and Britain in both directions after torching tyres on the tracks, causing traffic and travel chaos. ... more
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Australia latest US ally to join China-backed infrastructure bank
Australia said Wednesday it will join the new Beijing-led Asian Infrastructure Investment Bank as a founding member, contributing Aus$930 million (US$719 million) in paid-in capital over five years. ... more
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China gives new twist to world's second tallest building
The world's second tallest building, Shanghai Tower, will soon open in the Chinese financial capital with a twist - a 120-degree twist, to be exact. ... more
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China deports British investigator, wife in GSK case
Chinese authorities on Wednesday deported a British investigator and his wife linked to a corruption case involving pharmaceutical giant GlaxoSmithKline (GSK), after releasing them from jail over a week ago, family sources told AFP. ... more
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Australia and China sign bumper free trade deal
Australia and China signed a landmark trade deal Wednesday after a decade of talks, providing a boon for growth and jobs by abolishing tariffs across a raft of sectors. ... more
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Japan banking giant to sell country's first yuan bond
One of Japan's biggest banks on Thursday said it would sell bonds denominated in China's yuan currency as frosty ties between the major trading partners show signs of thawing. ... more
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EU, Latin America urge US to lift embargo on Cuba
The EU joined Latin America and the Caribbean in calling Thursday for the United States to lift its decades-old embargo on Cuba and in vowing to help secure a global deal in Paris to curb climate change. ... more
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China to have 'veto power' over infrastructure bank: report
China will ultimately have "veto power" over major decisions of the new Beijing-led Asian Infrastructure Investment Bank, the Wall Street Journal reported on Tuesday. ... more
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EU business confidence in China at new low: survey
European companies are losing confidence in China's economy, a lobby group survey said on Wednesday, with many firms planning to lay off staff as Beijing struggles to boost growth and embarks in an anti-monopoly drive. ... more
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Israel says China demands no workers in settlements
China has told Israel it will not allow migrant builders to work on settlements in the occupied West Bank, a senior Israeli government official said on Monday. ... more
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Archaeologists find evidence of prehistoric gold trade
An ancient route between Britain and Ireland supported a gold trade as far back as the early Bronze Age. Archaeologists in England say the trading of gold among the people of the British Isles dates back to 2,500 B.C. ... more
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US agencies probe big banks on China nepotism
US investigations into the hiring by large banks of the children of powerful Chinese officials are heating up, people familiar with the probes told AFP. ... more
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Obama says China hints at joining Pacific trade deal
US President Barack Obama on Wednesday suggested that China could eventually join a nascent trans-Pacific trade pact, raising the prospect of an accord spanning much of the globe. ... more
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S. Korea, China formally sign free trade pact
China and South Korea on Monday formally signed a free trade agreement (FTA) that would remove most tariffs between Asia's largest and fourth-largest economies, whose trade is already worth more than $200 billion. ... more
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Taiwan president warns over stalled China trade deals
President Ma Ying-jeou warned Tuesday of damage to Taiwan's economy if the legislature does not pass controversial trade deals with China, which have stalled in the wake of mass protests. ... more
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Rising worker activism in 'world's workshop' challenges China
As workers gathered around a table in a cheap restaurant to discuss strike action against their shoe factory bosses, Chinese police barged in and dragged away their leaders. ... more
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China, Latin America have profitable but unequal ties
Chinese Prime Minister Li Keqiang heads home from a Latin American tour Tuesday with a briefcase full of deals that bolster a relationship profitable for the region's slowing economies but still highly unequal. ... more
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Iron ore firm Fortescue soars on China investment talk
Shares in Australian iron ore giant Fortescue Metals jumped more than 10 percent Tuesday on speculation that two of China's largest companies are poised to pump money into the struggling miner. ... more
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Japan PM unveils $110 bn plan for Asian infrastructure
Japan's Prime Minister Shinzo Abe announced Thursday a $110 billion investment plan for infrastructure projects in Asia in an apparent counter to China's move to launch a new development bank. ... more
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China-backed infrastructure bank operational by end-2015
The China-led Asian Infrastructure Investment Bank (AIIB) will be operational by the end of this year, prospective founding members said Friday after a three-day meeting in Singapore to discuss policies. ... more
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HP sells stake in China unit for $2.3 billion
Hewlett-Packard announced Thursday it was selling a 51 percent stake in its China-based server business, creating a joint venture with Tsinghua Holdings that will be a sector leader in China. ... more
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Chinese investment not Brazil panacea: analysts
Brazil may have received a $53 billion investment boost from China but the South American giant would be unwise to view investment from the Asian superpower as a panacea to its economic woes, analysts said. ... more
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