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News

China: One-child policy will stand

China will not drop its one-child policy, officials say, 30 years after Beijing decreed the population-control measure. "I, on behalf of the National Population and Family Planning Commission, extend profound gratitude to all, the people in particular, for their support of the national course," said Li Bin, who...

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China sale on day rules change

On the same day new rules on overseas investment were in the spotlight, Shanghai-based Bright Dairy got the green light to buy more than half of Synlait Milk. The Overseas Investment Office (OIO) approved Bright Dairy's investment of $82 million for 51 per cent of Canterbury firm Synlait Milk, which would facilitate the...

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US and China manufacturing growth eases concerns

The US sector expanded for its 13th straight month in August, according to the Institute for Supply Management. And China's purchasing manager's index, or PMI, has revealed its first gain in four months. China's growth raised hopes that it will increase consumption of US exports, and help sustain America's economic...

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.China Is Set to Lose 2% of GDP Cleaning Up Decades of ...

Li Pingri remembers swimming with fish and shrimp as a boy in Guangdong’s Chigang waterway in China. Today, even after the city spent 48.6 billion yuan ($7.2 billion) on a cleanup, he can’t stand the canal’s smell. “We are surrounded by black and smelly waterways, breathing the foul air every day...

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China suspends ministerial-level talks with Japan over ...

Diplomatic ties between the world’s second- and third-biggest economies soured as China escalated a dispute over Japan’s extended detention of a fishing boat captain for a collision in disputed waters. China yesterday severed senior-level government contacts with Japan, halting aviation talks and suspending a...

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Sizing up China's cities

The city of Nanjing, capital of China’s Jiangsu province, was not the obvious place to host this year’s international forum on urban competitiveness. Home to some 40 universities and colleges, the city’s culture is conservative and contemplative, not competitive. At Nanjing University, for example, students...

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China Facing Competition as Tigers of Opportunity Arrive

China is facing increasing competition from other Southeast Asian nations as regional growth both expands and creates alternative investment markets. While global growth overall decreased by 2.1 percent last year and global trade dropped off by 11.6 percent, countries in Asia fared far better, with only Brunei, Cambodia,...

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Fonterra eyes more farms in China

Fonterra is planning to ramp up its investment in Chinese farms. The dairy co-op already operates a farm in China, which was established in 2007. Speaking at Fonterra's annual result briefing yesterday, chief executive Andrew Ferrier said that operation had bred more cows than it could sustain, meaning Fonterra was in...

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A Mao in every pocket

China likes to cover large distances in small steps. Last month it said that a few lucky foreign banks, including central banks, could invest some of the yuan they hold offshore in local Chinese bonds. The first to take up the offer was Malaysia’s central bank, the Financial Times reported this week. With that purchase,...

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China giant shows off its gear

Chinese technology giant Huawei is in town demonstrating the technology that could power the Government's high-speed broadband scheme. Since yesterday Huawei has been talking to industry players including telcos, lines companies and government representatives For the fully story, click here

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Asian wine markets now a global industry driver

Asia as a whole is expected to be the driver of world wine market growth – rising consumption coupled with growing middle class purchasing power, considerations of health benefits and status symbols have boosted markets in China, India and South Korea alongside Singapore and the stable, traditionally big Japanese wine...

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China Tops Renewable Energy Investment Index

China overtook the United States for the first time to claim the sole top spot in Ernst & Young’s quarterly renewable energy country attractiveness index, effectively crowning the emerging Asian superpower the world’s most worthwhile market for green technology investment. For the full story, click here

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