Archive for December, 2016

China business confidence index rises for third straight quarter: central bank survey

31-Dec-2016 Intellasia | Reuters | 6:00 AM

Business confidence among entrepreneurs in China rose for the third straight quarter in October-December, according to a survey by the People’s Bank of China published [...]
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China to take steps to attract foreign investment: state radio

31-Dec-2016 Intellasia | Reuters | 6:00 AM

China will take more measures to open up and attract foreign investment, state radio reported on Thursday, citing a cabinet meeting led by Premier Li Keqiang. The country [...]
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Catholics in China should integrate into socialist society – senior party official

31-Dec-2016 Intellasia | Reuters | 6:00 AM

Chinese Catholics must run their church independently, implying at arms length from the Vatican, and guide believers on a “Sinicisation path”, said a senior [...]
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China Faces Stiff Battle to Sideline the Dollar in Valuing Yuan

31-Dec-2016 Intellasia | Bloomberg | 6:00 AM

China took another step to degrade the dollar in defining the value of its currency, in an effort that cuts against its rival’s stubbornly strong hold on the global [...]
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China’s yuan set to have biggest annual loss since 1994

31-Dec-2016 Intellasia | Economic Times | 6:00 AM

China’s yuan firmed against the dollar on Friday after the central bank fixed a much stronger midpoint, but the currency is on course to be the worst performing major [...]
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China to Abandon 6.5pct Economic Growth Goal by 2018, SocGen Says

31-Dec-2016 Intellasia | Bloomberg | 6:00 AM

China is poised to abandon its 6.5 percent growth target sometime in the next two years as leaders push to contain asset bubbles and financial leverage, according to Societe [...]
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Mayor of China’s Chongqing steps down, paving way for promotion

31-Dec-2016 Intellasia | Reuters | 6:00 AM

The mayor of the major southwestern Chinese city of Chongqing has stepped down, the government said on Friday, paving the way for a promotion to a more senior position, [...]
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China adds 3,000 km of rail lines in 2016 – official

31-Dec-2016 Intellasia | Reuters | 6:00 AM

China extended its rail network by about 3,000 km (1,865 miles)in 2016, about 10 percent of the total new rail lines expected in the government’s current five-year plan [...]
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China stockmarkets among world’s worst in 2016

31-Dec-2016 Intellasia | AFP | 6:00 AM

China is the world’s second-largest economy and has one of the fastest growth rates of any G20 nation, but its stock markets have been among the worst performing in the [...]
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Top official urges independent Chinese Catholic Church

31-Dec-2016 Intellasia | AFP | 6:00 AM

Catholics in China should build a more independent, socialist church, a senior Beijing official has said, as the government remains at odds with the Vatican on the issue of [...]
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China’s Huawei sees 32pct jump in 2016 revenue

31-Dec-2016 Intellasia | Reuters | 6:00 AM

China’s Huawei Technologies Co Ltd [HWT.UL], one of the world’s largest telecom equipment makers, said on Friday it expects 2016 revenue growth to slow slightly [...]
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China’s outbound M&A push to draw more scrutiny after record year

31-Dec-2016 Intellasia | Reuters | 6:00 AM

China’s appetite for foreign assets is likely to remain healthy after completed acquisitions surged 46 percent to a record $105 billion this year as mainland firms [...]
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China to increase fiscal spending, cut taxes in 2017: ministry

31-Dec-2016 Intellasia | Reuters | 6:00 AM

China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday after a meeting to set [...]
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Nepal, China to conduct first ever joint military drill

31-Dec-2016 Intellasia | Kathmandu Post | 6:00 AM

Nepal and China will hold their first ever joint military exercise early next year, China’s Ministry of National Defense (MOD) said. Chinese newspaper group [...]
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China: Top general under investigation for graft

31-Dec-2016 Intellasia | AP | 6:00 AM

A top Chinese general has been placed under investigation for corruption, China’s Defense Ministry said Thursday, announcing the highest-level active duty military [...]
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