Chen Deming News
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China said it’s studying the possibility of joining the U.S.-led Trans-Pacific Partnership trade talks, a move that comes about a month after the existing 11 members allowed Japan to join the negotiations.
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Chinese Commerce Minister Chen Deming said he is “not too optimistic” about exports next year after a decline in the growth margin for trade in December.
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Australian Treasurer Wayne Swan said he supports Federal Reserve Chairman Ben S. Bernanke’s quantitative easing and Japanese Prime Minister Shinzo Abe’s reflation policy, in contrast to Europe’s hazardous pursuit of austerity as the world economy struggles to shake off the global financial crisis.
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Mary Jo White, who gained prominence prosecuting terrorists as U.S. attorney for Manhattan, was named by President Barack Obama to be chairman of the Securities and Exchange Commission.
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China’s exports exceeded forecasts in February, an indication that improving global demand may help to sustain the rebound in the world’s second-biggest economy.
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China’s Commerce Minister Chen Deming said he’s concerned at the risk of competitive devaluations as the yen slumped to the lowest level against the dollar in more than three years.
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Japan’s top currency official Takehiko Nakao played down the negative effects of developed economies’ monetary easing on emerging nations, as Chinese Commerce Minister Chen Deming expressed concern.
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China is investigating and watching the progress of a case involving a Sany Group Co. affiliate which U.S. President Barack Obama barred from building a wind farm in Oregon, Chinese Commerce Minister Chen Deming said.
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China’s commerce minister said his nation’s economy is heading for a rebound this month following government measures to support growth, adding to signals of confidence among officials that the slowdown is ebbing.
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China has yet to lose its labor cost advantage in spite of rising wages in the Pearl River Delta region of the country, the official China Daily reported Commerce Minister Chen Deming as saying.
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