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Expectations for this year’s Christmas shopping season are already low. Malaise at work. Christmas comes but once a year. For Leo Ho, who runs a factory that makes plastic Christmas trees in Yiwu, China’s export capital for novelty knick-knacks, it comes in July, when tree orders start rolling in. But early signs point to a lean Christmas for low-cost exporters like Ho, who told Reuters his sales were down 20 percent year-on-year [...] DUBLIN, Feb. 20 (Xinhua) — Visiting Chinese Vice President Xi Jinping reiterated China’s support for the euro when he addressed a business forum here in Dublin on Monday. China is a reliable friend for European countries, including Ireland, in their move to fight debt crisis and seek economic recovery, and China is a trustworthy partner in the international multilateral arena, Xi told hundreds of business leaders from China and Ireland, who [...] From Bloomberg: Blind legal activist Chen Guangcheng escaped house arrest in eastern China and is under U.S. protection, according to a U.S.-based human rights group. Chen fled earlier this past week from his home in Shandong province where he had been under house arrest since being released from prison in September 2010, Midland, Texas-based ChinaAid reported on its website. He is now under U.S. protection and high-level talks are taking place between the [...] China’s Vice Premier Wang Qishan speaks during a news conference at the Foreign Office …
BEIJING (Reuters) – A long-term global recession is certain to happen and China must focus on domestic problems, Chinese Vice Premier Wang Qishan has said. “The one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the international financial crisis will be chronic,” Wang was quoted by the [...] By Amir Mir ISLAMABAD – While Pakistan wants China to build a naval base at its southwestern seaport of Gwadar in Balochistan province, Beijing is more interested in setting up military bases either in the Federally Administered Tribal Areas (FATA) of Pakistan or in the Federally Administered Northern Areas (FANA) that border Xinjiang province. The Chinese desire is meant to contain growing terrorist activities of Chinese rebels belonging to the al-Qaeda-linked East Turkestan [...] A group of North Korean women wait to escort North Korean and Chinese officials for a groundbreaking ceremony on Hwanggumphyong, an island in the Yalu River. [...] And so the immaculate record of all those calling for the “inevitable” correction in gold continues with a roughly 0% success rate. From Reuters: BEIJING, March 9 (Reuters) – China should use some of its $2.85 trillion foreign exchange reserves to buy more gold XAU=, a government adviser was quoted as saying by local media reports on Wednesday. Li Yining, a senior economist at Peking University and member of the Chinese People’s [...] BEIJING: “Chinese Vice Premier Li Keqiang, widely tipped to be the next premier, admitted in 2007 that some of the country’s economic data was “man-made” and thus unreliable, leaked US diplomatic cables show. Li — who analysts expect will succeed Premier Wen Jiabao in the coming years — was the top Communist Party official in the northeastern province of Liaoning when he made the remarks to then-US [...] |
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