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Friday, September 11, 2015
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.
Thursday, September 10, 2015
Mainland Chinese online giant Alibaba on Wednesday set up a new company to focus on professional sports, it said in a statement, as it seeks new business areas beyond e-commerce.
Wednesday, September 9, 2015
Mainland Chinese exports and imports contracted in August in the latest sign of weakness for the world's second-biggest economy.
Tuesday, September 8, 2015
China on Monday lowered last year's growth figure, already the weakest in a quarter-century, days after worries about slowing expansion in the world's second-largest economy caused global stock market havoc.
China's foreign exchange reserves fell by a record US$93.9 billion last month, the government said Monday, as Beijing sold dollars to support its own currency following jitters over a sudden devaluation.
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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