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Tuesday, September 15, 2015
The Kuomintang (KMT) government will be prioritizing passage of a cross-strait agreement on double taxation avoidance as well as bills on the budget, government restructuring and an all-volunteer military in the fall legislative session that opens Tuesday, Premier Mao Chi-kuo (毛治國) said Monday.
Shanghai tumbled at the end of a volatile day of trade Monday following another round of disappointing mainland Chinese data, while regional investors were moving cautiously ahead of a crucial U.S. interest rate decision at the end of the week.
Friday, September 11, 2015
Mainland China plans to allow foreign central banks into its interbank currency market, the country's No. 2 leader said Thursday, in a new move to expand use of the tightly controlled Chinese yuan.
China producer prices down as Li warns of challenges
Mainland China's factory gate prices fell at their fastest rate in six years in August, its authorities said Thursday, as mainland executive chief Li Keqiang warned that transforming the world's second-largest economy will be a "painful and treacherous" process.
Mainland China's auto sales declined in August for a third month but some brands reported gains following a market downturn that shook the global industry.
Moody's Investors Service is challenging a US$3 million fine by Hong Kong's securities regulator, which accuses the credit rating agency of misconduct over a 2011 report that flagged potential problems at mainland Chinese companies.
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Mainland China plans to launch a yuan-denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.
Wednesday, September 9, 2015
Shanghai and Hong Kong led most Asian markets up in another volatile day Tuesday after mainland Chinese data showed imports and exports sank in August, adding to concerns about the economic giant that have convulsed global equities.
Tuesday, September 8, 2015
Mainland China's central bank governor and its market regulator have admitted that there were "bubbles" on the country's stock exchanges, after a spectacular rally was followed by a painful bust, but said the routs were coming to an end.
Saturday, September 5, 2015
China's stock rescue jolts companies, reform plans
Tonhe Electronics is a casualty of Beijing's frantic effort to stop a stock market bust. The maker of electrical equipment, part of a technology industry the ruling Communist Party wants to promote, hoped to raise 200 million yuan (US$32 million) from an initial public offering of stock to build a research and development center.
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