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April 27, 2017

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China > Business
China's trading partners alarmed by inspections plan for food imports
China's trading partners are bringing the top U.N. food standards official to Beijing in a last-ditch attempt to persuade regulators to scale back plans to require intensive inspections of food imports -- including such low-risk items as wine and chocolate -- that Washington and Europe say could disrupt billions of dollars in commerce.
 
Nation is balancing reforms and risks, NDRC chief says
China will continue to deepen its supply-side structural reform to address economic imbalances while holding the bottom line to contain risks in the financial and property markets, the head of the top economic planner said on Sunday.
 
Friday's housing curbs by Beijing and three major cities are part of the larger effort to rein in China's real estate industry where home prices tended to skyrocket of late, threatening to create a property bubble, experts said.
 
Saudi Arabia looks beyond oil for future opportunities
China and Saudi Arabia will continue to diversify economic cooperation and develop stronger trade ties in 2017, as their products are complementary and they have reached a consensus on both the "Saudi Vision 2030" strategy and the Belt and Road Initiative, economists said on Sunday.
 
Wanda and IBM sign cloud computing deal
IBM and Wanda Internet Technology Group have joined forces to bring more public cloud services to China.
 
Move on rates aims at fending off risks
The central bank's move to raise short-term interest rates on Thursday reflects Beijing's intention to fend off financial risks, a method that might be used more in the future rather than increasing benchmark interest rates, according to economists.
 
Railway investment to hit $33b in Yangtze River Delta
Twelve railway projects involving a total investment of 226.2 billion yuan ($32.79 billion) will be launched this year in the Yangtze River Delta region, according to China Securities Journal website.
 
Multinational firms 'should abide by local laws, respect consumers'
Multinational companies are being urged to observe local laws and fully respect consumers' rights, after Nike Inc and two Japanese firms were criticized by a program on China Central Television on Wednesday.
 
Economic data point to further growth
China released upbeat macroeconomic data on Tuesday indicating that the economy remained on solid footing at the start of the year, and analysts said the trend will continue through the year.
 
Boeing Co will start building a B737 and B737 MAX completion and delivery center in Zhoushan, Zhejiang province, by the end of March, and is scheduled deliver the first aircraft in 2018.
 
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