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China to grow 10-11% this year: economist: Separately, Xia Bin, an academic adviser on the central bank's monetary policy committee, pointed at where the government should look to ramp up its spending. With Beijing not about to relax its crackdown on property speculation, it should put more money into affordable housing ...

Japan's current account surplus falls 18.2% on year in June: Japan's current account surplus fell 18.2 in June on year, the Ministry of Finance said in a report on Monday. According to the report, the surplus stood at 1,047.1 billion yen (12.25 billion U.S. dollars) in the recording and for the first six months of 2010, the balance totaled ...

Singapore's economy grows 17.9 pct in H1: Singapore Prime Minister Lee Hsien Loong said on Sunday that the country's economy grew 17.9 percent in the first six months of this year, and the government is forecasting full-year growth of between 13 percent to 15 percent. Delivering the National Day Message, Lee said that ...

Singapore to explore economic co-op deal with China's Taiwan: Singapore and China's Taiwan have agreed to explore the feasibility of an economic cooperation agreement between the two sides, local media reported on Thursday. The agreement is said to be the first negotiations of this kind after Beijing and Taipei signed the Economic ...

U.S. stocks fall on downbeat jobs data: U.S. stocks fell on Thursday, pressured by a government report which showed an unexpected pick- up in initial jobless claims. The Labor Department said on Thursday that the number of people filing jobless benefits unexpected rose to 479,000 last week, while economists were ...

Italian, British PM talk on economic, global issues: Italian Prime Minister Silvio Berlusconi met on Wednesday with his British counterpart David Cameron and the two leaders discussed commercial ties between the two countries and global issues. Cameron, on his first visit to Italy, arrived late at Palace Chigi, seat of the Italian ...

Oil retreats on stronger dollar, pipeline reopening: Oil prices fell further on Wednesday as a rising dollar and hopeful reopening of a major oil pipeline offset a drop in crude inventories. Enbridge said the cleanup and repairing of the closed pipeline 6A had completed on Tuesday. An official from the Pipeline and Hazardous ...

China's property regulation not to throw major impact on economy: China's tightening measures on the property market will not throw a major impact on the country's economic growth, Ma Jiantang, director of China' Bureau of Statistics, said Wednesday at the ongoing fourth Summer Davos forum in Tianjin. The judgement was made based on the fact ...

World Economic Forum chairman praises China's role in tackling int'l financial crisis: Chairman of the World Economic Forum (WEF) Klaus Schwab on Monday hailed the "active and responsible" role China has played in coping with the international financial crisis. Schwab is in the north Chinese port city of Tianjin for the WEF's Annual Meeting of the New Champions ...

Chinese premier pledges to expand cooperation with Moldova: Chinese Premier Wen Jiabao on Monday pledged to work with Moldova to increase win-win cooperation in sectors of agriculture, economy, trade, communication and culture. "We should make concerted efforts to promote mutual understanding and friendship between the two peoples," Wen ...

China encourages investment in Papua New Guinea, says premier: China encourages its enterprises to expand investment in Papua New Guinea, Chinese Premier Wen Jiabao said here Monday while meeting with the country's Prime Minister Michael Thomas Somare. "China is willing to enhance cooperation with Papua New Guinea in major sectors of ...

China's economy doing well: Justin Yifu Lin, Chief Economist and Senior Vice President of the World Bank, said here on Sunday that China's economy is doing well. Speaking at a forum with two Nobel Prize winning economists in Beijing, Lin praised China's economic policies as "visionary" while the three ...

Experts say China's full-year inflation target still attainable: China can achieve its inflation target this year through proper management of expectations during the final quarter, despite the August inflation rate quickening to a 22-month high, experts said. The consumer price index (CPI), a major gauge of inflation, is expected to peak in ...

China surges to 5th largest global investor: China bucked international trends in both outbound and inward investment, official figures have revealed. China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of $56.5 billion, compared to a ranking of 12th in 2008, the ...

Dollar rises on U.S. employment, trade data: The dollar rose against major currencies in late New York trading on Thursday as good signs emerged from the U.S. labor market and trade data. The U.S. Department of Labor announced on Thursday that the initial claims for regular state unemployment insurance benefits fell 27,000 ...

Oil retreats as petroleum stocks hit record high: Oil prices declined on Thursday after a government report showed that total petroleum stocks rose to record-high levels and the dollar reversed against the euro. Light, sweet crude for October delivery fell 42 cents to settle at 74.25 U.S. dollars a barrel on the New York ...

Mainland, Taiwan expect deeper economic co-op: With a series of activities focused on cross-Strait investment matchmaking, officials, experts and businessmen from the Chinese mainland and Taiwan have embraced a weeklong journey to explore deeper economic cooperation amid warming ties. On Wednesday, more than 20 Taiwan land ...

Brazil copes with finance crisis well: Brazil has coped with the global financial crisis well without much trouble, a local scholar said. Measures implemented by the government led by President Luiz Inacio Lula da Silva enabled Brazil to achieve that, said Newton Marques, professor at University of Brasilia (UnB), in ...

Sino-Japan partnership to help global recovery: China and Japan, the world's second and third largest economies, agreed on Sunday to seek and develop "new engines" for growth, a move that will also help stabilize the global economy. Premier Wen Jiabao said during a meeting with a Japanese delegation that the "green economy and ...

Singapore ranked as world's 4th largest foreign exchange center: A recent survey ranks Singapore as the fourth largest foreign exchange center in the world and the second largest foreign exchange center in Asia, after Tokyo, the Monetary Authority of Singapore said on Wednesday. According to the latest survey by the Bank for International ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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Li Na wins French Open women's singles title: History-making tennis legend Li Na notched the first-ever grand slam ...

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