China's Economy News
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China’s commerce ministry signaled concern that weakness in the yen is limiting Japanese demand for exports just as a stronger yuan weighs on Chinese manufacturers’ global sales.
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Copper declined for a third day in London on concerns that demand from China, the U.S. and Germany, the largest users, is weakening.
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Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, posted a 29 percent increase in first-quarter earnings and said it is seeing signs of improved demand from high-stake gamblers.
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Steel reinforcement-bar futures declined a second day on concern that China’s growth is slowing and as iron-ore prices dropped.
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the world’s largest economy. Industrial metals fell on concern about China’s growth.
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Chinese stocks rallied in New York, led by E-Commerce China Dangdang Inc., after better-than- estimated earnings from companies including WuXi PharmaTech Cayman Inc. boosted the outlook for corporate profits.
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Copper fell the most in almost two weeks amid signs that economic growth is slowing in China, the world’s biggest consumer of the metal, as inventories swell.
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The 33,000 containers handled at JadeWeserPort since Germany’s only deepwater docks opened for business in September are a far cry from the annual 2.7 million forecast when state governments embarked on the 1 billion-euro ($1.3 billion) project a decade ago.
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German stocks declined from a record, snapping five days of gains, as investor confidence in the country rose less than projected and concern grew that China’s economy is slowing.
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Sales at U.S. retailers unexpectedly advanced in April, helping ease concern of a sustained pullback in consumer spending that would stifle the economy.
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