Chengdu News
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Updated 40 minutes ago
Foxconn Technology Group faces a “challenging” task in trying to meet a July deadline for cutting work hours and improving union participation, said the labor monitor appointed by Apple Inc., its largest customer.
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China’s stocks rose the most in two weeks, led by property developers and financial companies, after the benchmark index traded at its biggest discount to global markets in more than three years.
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Eu Yan Sang International Ltd. climbed by the most since February 2012 after the distributor of traditional Chinese medicine signed a joint venture agreement to process and export herbs from China.
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China’s stocks fell the most in three weeks after JPMorgan Chase & Co. cut its growth outlook for the nation’s economy and concern grew the government is introducing more property restrictions to limit gains in housing prices.
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China’s largest oil producer defended plans for a chemical plant in southwestern Sichuan province, saying it will improve air quality by providing higher-standard oil products and curbing car-emission pollutants.
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China’s stocks rose the most in a week, led by financial companies, after valuations on the benchmark index dropped to a four-month low.
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China’s stocks rose for the first time in three days, led by telecommunication and technology companies, after valuations on the benchmark index approached the lowest level this year.
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Swiss luxury watchmaker Piaget said its sales in China may grow less than 10 percent this year, the slowest in eight years, as Chinese consumers take advantage of the stronger yuan and travel overseas to buy premium goods.
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Steel reinforcement-bar futures in Shanghai rose, paring a weekly loss as spot demand climbed and as some short-sellers closed their positions before three days of public holidays next week.
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China’s Sichuan province began a day of mourning for 196 people killed in an April 20 earthquake, with wailing sirens signaling the start of three minutes of silence at 8:02 a.m., the time the temblor hit.
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