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China Services Data Grows At Slowest Pace Since August 2011
The Chinese purchasing manager's index for the service sector fell to 50.9 in December from 52.5 in November, the lowest level since August 2011. China's composite PMI, which measures business activity...
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China Approves Pilot Plan To Set Up Private Banks
BEIJING (Reuters) - China has approved a pilot scheme allowing the setting up of three to five private banks, the regulator said on Monday, in a step to boost financial support for cash-starved smaller...
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China Is Getting Serious About Its Crackdown On Shadow Banking
China's State Council has issued a new set of guidelines — known as Document No. 107 — to curb the country's massive shadow banking system.Only senior executives received the document. Societe...
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Go Inside China's Ice Village That Was Built With 150,000 Square Meters Of Snow
The 30th annual Harbin Ice and Snow Festival opened yesterday in China's northern city of Harbin.Nearly 10,000 workers built palatial structures out of some 180,000 square meters of ice and 150,000...
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In Theory, It's Pretty Easy For A Bitcoin Exchange To Fake Its Huge Trading...
This picture has been making the rounds. The top section is the volume of LTC at OKCoin. The middle of BTC volume at BTCChina and the bottom is the BTC volume at Huobi. The yellow line is when the...
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A Very Candid Account Of What It's Like To Be A Western Nanny For A Superrich...
The dramatic increase in wealth in China over the past few decades has resulted in many new superrich families seeking to introduce the Western world to their children.Sometimes wealthy Chinese go to...
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10 Predictions For China During The Year Of The Horse
I am taking the plunge with some predictions for 2014. My 2013 predictions, made December 2012 in The New York Times, probably rate a B or so.1. 2014 is the Year of the Horse but it will also likely...
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China To Allow The Creation Of 5 Private Banks This Year
China to allow creation of 5 privately financed banks this year as part of reform effortBEIJING (AP) — China will allow the creation of up to five privately financed banks this year to support economic...
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CHART OF THE DAY: UBS Says This Is The Most Important Chart On China
Everyone is watching to see if China really can move away from being fueled by credit to one that is more sustainable and driven by consumers.UBS's Tao Wang thinks the chart of China's "rapid and...
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Chinese Millionaire Who Wants To Buy The New York Times Ignites Controversy...
As he geared up to sing a song he had apparently authored ("My Chinese Dream") — karaoke style — to a few dozen reporters in a conference at a hotel on Central Park South, one thing about this...
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China's E-Commerce Giant Alibaba Just Banned Bitcoin
Another blow for Bitcoin in China.Alibaba — the e-commerce giant — will no longer allow bitcoin use on its site.From the FT:Alibaba said that as of January 14 it would stop its users from doing any...
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Chinese Investment In The US Doubled In 2013
China's investment in the United States doubled to $14 billion last year despite sometimes rocky political ties, with private firms leading the way, said a study out Tuesday.About half of the value...
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The Incredible Business Card Of The Chinese Millionaire Who Wants To Buy The...
Chen Guangbiao is an audacious man, and not just because he wants to buy the New York Times for $1 billion (or $2 billion or $3 billion).One of China's top 400 richest people, he was estimated to have...
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BANK OF AMERICA: Today's China eCommerce Reminds Us Of The Tech Bubble In The...
Forget Alibaba and the tantalizing prospect of its IPO, it's time to take a hard look at China's eCommerce and brick and mortar retail sectors as whole.That's what Bank of America did this week in an...
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Here Are The 4 Big Stories That Will Dominate China's Volatile Financial...
Chinese financial markets experienced turbulence in 2013, aggravated by two severe surges in short-term interest rates.It was also a year when economists furiously downgraded their growth forecasts in...
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Chinese Inflation Cools
Chinese consumer prices climbed 2.5% year-over-year in December.This was less than expectations for a 2.7% rise, and down from 3% the previous month.Food prices tend to pick up toward the end of the...
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Japan To Officially Claim 280 Remote Islands In Latest Territorial Move
TOKYO (Reuters) - Japan is set to clarify the ownership of 280 remote islands in its territorial waters and register them as national assets, a move that could rile China and South Korea, which are...
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China Is Spending $100 Billion On 4,100 Miles Of New Railway Lines This Year
BEIJING (Reuters) - China will spend over $100 billion on more than 6,600 km (4,100 miles) of new railway lines this year, Xinhua news agency said, citing a senior industry official.The general manager...
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China's Booming Car Market Is Terrific News For Western Automakers
China's auto sales smashed through the 20 million mark last year, growing nearly 14 percent and extending its lead as the world's biggest car market, an industry group said Thursday.Sales in China, the...
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Chinese Director Zhang Yimou Fined $1.2 Million For Having More Than One Child
BEIJING (AP) — Famed film director Zhang Yimou must pay more than $1.2 million in fines for having three children in violation of China's strict family planning rules, officials said Thursday.A...
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