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June 23, 2017
China, Hong Kong top hubs for fake goods: Europol
The Hague (AFP) June 22, 2017
China and Hong Kong are overwhelmingly the largest shipment centres for fake goods sold around the world, in a growing, complex battle against sophisticated counterfeiters, Europe's police agency said Thursday. In 2015, the two territories "were the provenance of 86% of global counterfeiting and $396.5 billion worth of counterfeit goods," Europol said in a detailed 74-page report, adding intellectual property theft was "one of the most lucrative criminal enterprises". With the rising use of carg ... read more

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US aluminum makers point finger at China, call for tariffs
Chinese overproduction is sending the US aluminum industry into near collapse, endangering supplies of materials critical to American defense and national security, manufacturers told a public hearing on Thursday. ... more
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Macron faces EU summit pushback on Chinese investments
A push by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in Europe's key industries faced a setback on Thursday from EU partners who fear a rise of protectionism. ... more
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Japan logs surprise trade deficit in May as energy costs expand
Japan unexpectedly slumped back into a trade deficit for the first time in four months, as soaring energy import bills offset growth in the country's shipments abroad, government data showed Monday. ... more
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NAFTA renegotiation may extend into 2018: US official
Renegotiating the North American Free Trade Agreement could take until next year, US Commerce Secretary Wilbur Ross said Monday. ... more
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China freezes bank accounts of over 100 Myanmar traders
Chinese banks have frozen the accounts of more than 100 commodities traders in northeast Myanmar in a bid to clamp down on smuggling and illegal gambling, state media reported Tuesday. ... more
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French miner signs Guinea bauxite deal with Franco-Asian consortium
France's Alliance Miniere Responsable (AMR) signed a deal Wednesday with a Franco-Asian consortium to exploit bauxite in a western Guinean city that was recently the target of deadly protests against mining firms. ... more
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IMF raises China growth forecast, urges faster reforms
China must quicken the pace of reforms and do more to curb rising debt, the IMF said Wednesday as it raised its growth forecast for the world's number two economy. ... more
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China factory output rises in May but officials guarded
Output by Chinese factories and workshops topped expectations in May, but officials warned on Wednesday of lingering "unstable and uncertain factors" at home and abroad that could pose a threat to the Asian giant. ... more

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China factory output rises in May but officials guarded
Output by Chinese factories and workshops topped expectations in May, but officials warned on Wednesday of lingering "unstable and uncertain factors" at home and abroad. ... more
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Britain can stay in EU but perks will end: Verhofstadt
The EU will keep the door open for Britain to return, but only on worse terms than it currently has, European Parliament Brexit negotiator Guy Verhofstadt said Wednesday. ... more
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ECB swaps some dollar reserves for renminbi
The European Central Bank said Tuesday it had exchanged part of its US dollar reserves for Chinese renminbi for the first time, in a sign of the growing global importance of Beijing's currency. ... more
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China-backed bank boasts rising lending power
The China-backed Asian Infrastructure Investment Bank expects to more than double its lending power for regional projects over the next five years, a top executive said, denying it was an arm of the Communist Party. ... more
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Crown staff charged in China gambling crackdown
Up to 18 staff from Australian billionaire James Packer's Crown Resorts have been charged with promoting gambling in China, eight months after being detained, the company said Tuesday. ... more
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Wonderland Villas: A tale of Hong Kong's property rollercoaster
Red-whiskered bulbuls start chirping around 5:00 am at Wonderland Villas, a hilltop complex in leafy northern Hong Kong whose own history charts the city's political, economic and social fortunes. ... more
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China condemns EU for new steel anti-dumping duties
China has condemned the European Commission for imposing new anti-dumping duties on its steel products, accusing the EU's executive of making China an industrial scapegoat. ... more
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China factory gate inflation slows to 5.5% in May
Prices for goods at the factory gate in China missed expectations in May, the government said Friday, in a possible sign of weakening demand for the world's second-largest economy. ... more

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Chinese exports, imports beat forecasts but analysts wary
China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world's number two economy, but there were warnings Beijing would struggle to maintain its momentum. ... more
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Trump saw Paris climate pact as economic straitjacket
By exiting the Paris climate agreement, President Donald Trump says he sought to escape an economic straitjacket that would hinder him from making good on his populist campaign promises and pro-growth agenda. ... more
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Trade row blocks EU-China climate statement: EU source
The EU and China failed Friday to formally endorse a joint statement on the Paris climate deal due to a lingering but separate trade row, a European source said. ... more
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Goldman Sachs CEO defends Paris deal in first-ever tweet
Goldman Sachs, which has been a source of advisors to President Donald Trump, joined a chorus of big companies to criticize the US leader's decision Thursday to exit the Paris climate agreement. ... more
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China factory activity expands in May
Activity in China's key factory sector expanded in May, official data showed Wednesday, in a sign of stabilisation in the world's second-largest economy. ... more
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China manufacturing down for 1st time in 11 months: Caixin
China's factory activity contracted in May for the first time in almost a year, independent figures showed Thursday, hinting at deteriorating conditions for goods producers in the world's second largest economy. ... more
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EU, China seek tighter bond to face Trump
The EU and China will attempt to deepen ties at a summit Thursday amid rising worry about the direction taken by US President Donald Trump on trade and climate change. ... more
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Layoffs rile India's flagship IT sector
Experienced Indian techie Raghu Narayanaswamy lost his job recently and fears he may not get another, as analysts warn of massive layoffs across the country's multi-billion-dollar information technology sector. ... more
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