After centuries of Western dominance, the world’s centre of economic and political weight is shifting eastward. In just 30 years, China has risen from long-standing poverty to being the second largest economy in the world — faster than any other country in history. From angry farmers to weary migrant workers, powerful politicians and everyone in between, what China says and …
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Japanese blue-chip stocks fell Friday, extending losses into a second day after sharp gains earlier in the week, though Chinese and Australian shares inched higher. The moves came as Hong Kong and South Korean markets were closed for holidays, reportedly curbing trading volumes in bourses that were open. Japan’s Nikkei Stock Average moved off opening lows but still traded with …
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Chinese Gold Rush In Hong Kong – After Prices Slump China’s Consumption of Gold and Acquisition of Gold Mining Stocks Continues GoldandSilverNow
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After centuries of Western dominance, the world’s centre of economic and political weight is shifting eastward. In just 30 years, China has risen from long-standing poverty to being the second largest economy in the world — faster than any other country in history. From angry farmers to weary migrant workers, powerful politicians and everyone in between, what China says and …
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SHENZHEN, China—In a corner of a sprawling factory in this coastal southern city, sewing machines that stitched blouses and shirts for Lever Style Inc.’s clients now gather dust. As the din on the factory floor has dropped, so, too, has the payroll. Over the past two years, Lever Style’s employee count in China has declined by one-third to 5,000 workers. …
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BANDAR SERI BEGAWAN, Brunei (AP) — China and 15 other Asia-Pacific nations will kick off the first round of free trade talks next month to create one of the world’s largest trading blocs, officials said Thursday. The Regional Comprehensive Economic Partnership is a rival pact to the U.S.-led Trans-Pacific Partnership, a free trade initiative involving a dozen countries but that …
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BOAO — Billionaire investor George Soros said on Monday China had a “couple of years” to control risks from nontraditional financing whose expansion had parallels with the cause of the global financial crisis. “The rapid growth of shadow banking has some disturbing similarities with the subprime mortgage market in the US that caused the financial crisis of 2007-08,” Mr Soros …
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Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China Singapore is aggressively seeking to become a major regional hub for offshore trading of Chinese renminbi as the currency gradually becomes more internationally traded, according to the city-state’s deputy prime minister and …
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(Reuters) – After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing’s currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft. Some lawmakers continue to argue a weak Chinese yuan is robbing jobs from the United States. But action to force a change is unlikely and the …
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