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January, 22, 2017

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Business > Asia > China
Chinese leaders pledge stable currency
China's leaders pledged Friday to keep its currency stable and trim bloated heavy industry as they wrapped up an annual planning meeting amid pressure from U.S. President-elect Donald Trump and European leaders over trade.
 
China auto sales rise 17.2 percent in Nov.
China's explosive demand for SUVs helped boost auto sales 17.2 percent in November over a year ago, an industry group said Monday, as automakers prepared for the end of a key tax break and a potential slump in demand.
 
China's battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing's deal to join the WTO expires Sunday.
 
Mainland China to halve cash withdrawals in Macau: report
China is to halve the cash machine limit for certain cardholders visiting the gambling enclave of Macau, in its latest effort to curb massive capital outflows caused by the falling yuan, Hong Kong media reported Friday.
 
Chinese producer prices rose at their fastest pace for five years in November, Beijing said Friday, fueling hopes that the world's factory can export inflation into a lackluster global economy.
 
China has indicated it may relax restrictions on foreign investment in some sectors as it struggles to balance an overseas exodus of capital and faces accusations of protectionism from U.S. President-elect Donald Trump.
 
China market embraces Christmas
A woman and a child pose for a souvenir photo near a Christmas lights decoration on display outside an office building in Beijing, Thursday, Dec. 1. Although Christmas is not traditionally celebrated in China, a growing number of businesses are trying to whirl up some holiday spirit -- and shopping.
 
Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.
 
Nearly US$60 billion passed through China's biggest illegal online casino before it was broken up by authorities, a court said.
 
China's President Xi Jinping signed new trade deals on Monday with Peru, one of its partners in its drive to boost world trade in the face of protectionist stirrings.
 
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