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May, 31, 2016

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Business > Asia > China
Mainland China's central bank has pledged more than 600 billion yuan (US$91 billion) in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year, when demand for cash surges.
 
Chinese overseas direct investment (ODI) rose to nearly US$120 billion last year, official data showed Wednesday, as the world's second-largest economy sought to acquire foreign technologies, expand markets and diversify energy supply.
 
Mainland China's economy cooled further in the latest quarter, dragging 2015's full-year growth to a quarter-century low and deepening a slowdown that has fueled anxiety over its impact on the global economy.
 
Mainland Chinese travelers took around 120 million outbound trips in 2015, according to government estimates, a 12 percent increase from the year before, as the country's growing middle class spends more on tourism.
 
As international markets watch anxiously, mainland China is due to release a flood of data Tuesday that are likely to show economic growth slowed in the latest quarter but still is among the world's strong.
 
Activists targeted as workers of China unite
Around a dozen police barged into Wu Rongpu's apartment in the early hours and dragged away his labor activist wife, leaving their 1-year-old daughter screaming.
 
China growth slides to 25-year low in 2015: survey
China recorded its lowest growth in a quarter of a century in 2015, an AFP survey has forecast, projecting a further slowdown in the world's second-largest economy this year.
 
Mainland China's bank lending declined sharply in December from November, the central bank said on Friday, despite moves to keep the world's second largest economy from slowing further with looser monetary policy.
 
Foreign investment into China accelerated in 2015 as cash poured into the country's service sector, official data showed Thursday, despite slowing expansion in the world's second-largest economy.
 
Mainland China's top diplomat warned Thursday that a new global financial crisis was possible as markets suffer a painful rout at the start of the year, partly over fears of turmoil in the world's second largest economy.
 
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