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January, 23, 2017

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China > Business
Measures planned to develop exports
China will adopt fresh measures-such as encouraging more multinational Chinese companies to be formed and actively managing any friction created over trade-to help its exports in the current year, the Ministry of Commerce said on Thursday.
 
China's outbound mergers and acquisitions are expected to track the level in 2016 or even see a small decline in both the number and value of deals this year, due to tightened foreign exchange regulations and an uncertain international situation, said a report by PwC.
 
China saw slower year-on-year tax revenue growth in 2016, data from the nation's tax authority showed on Thursday.
 
Training a class of 32 young foreign employees in leadership is another sign of Alibaba Group's ambitious strategy for overseas expansion.
 
Kenya on track for modern rail network
The construction of Kenya's modern railway entered the home stretch on Wednesday, with the delivery of six locomotives from China.
 
China Southern mixed ownership plan uncertain
State-owned China Southern Airlines denied immediate plans to bring other major shareholders into the company on Wednesday-hard on the heels of reports the previous day of a mixed ownership plan which pushed the stock price up 7.38 percent.
 
Shenyang's tool giant retools for new era
The company had everything an employee could wish for: A generous pay package, job security, excellent perks and a brand name that made it easy to get girlfriends.
 
The China Banking Regulatory Commission said on Tuesday that the nonperforming loan ratio of commercial banks in China a the fourth quarter came in at a 1.81 percent, up from an NPL ratio of 1.76 percent in the third quarter-a development which triggered further measures by the national banking regulator.
 
Megvii gives a digital meaning to face-reading
Megvii Technology Inc, an internet startup focused on face recognition technology, is planning to expand the application into the financial and security sectors.
 
Fiscal revenue silver lining for Liaoning
Northeast China's Liaoning province is back on positive note after it posted a staggering 2.2 percent slide in GDP in the first three quarters last year, said government officials on Tuesday.
 
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