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06/20/2012

China to Further Invest in Critical Sectors

China will further increase investment in critical sectors as a means to support steady and rapid growth, said a top official from the National Development and Reform Commission, China's top economic planner. "China will continue expanding investment in fixed assets in an appropriate way, ensuring investment in critical areas while avoiding excessive capacity," said Du [...]

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06/20/2012

China Promises US$43b to Boost IMF Crisis Fund

CHINA has offered US$43 billion to the IMF's crisis-fighting reserves, rounding off a global push to nearly double the fund's war chest to US$456 billion to help protect countries from fallout from the eurozone debt crisis. China's contribution on Monday was part of a pledge by Group of 20 countries made in April to supply [...]

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06/20/2012

Regulator Fine Print Curbs Media Fund-Raisers

(Beijing) – China's media companies itching for access to capital markets are getting no relief from regulators who've decided to monitor recent fund-raisers before allowing more. Two companies – Hangzhou-based publisher Zhejiang Daily Media Group Co. Ltd. and southern China's Guangzhou Daily Newspaper Group – raised money through back-door listings on domestic exchanges. Guangdong Nanfang [...]

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06/20/2012

Consumer Spending to Get Boost in China

China will roll out "concrete measures" to stimulate consumption by boosting efficiency and slashing the cost of logistics, said Huang Hai, former assistant minister of commerce. The moves, to be announced at the national circulation conference in late June or early July that will focus on the movement of goods, are part of efforts to [...]

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