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Most Chinese stocks fell as declines by technology shares and power producers overshadowed gains among property and consumer-staples companies. Price swings on the Shanghai Composite Index dropped to a five-month low before the release of a manufacturing gauge tomorrow.
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China may start to give banks more freedom to set deposit rates this year, a shift that may lead to higher returns for savers, Mizuho Securities Asia Ltd. and Deutsche Bank AG said.
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Beijing’s air pollution climbed to hazardous levels days before the national legislature opens its annual meeting, drawing new attention to environmental degradation that the government has promised to address.
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Pollution has replaced land disputes as the main cause of social unrest in China, a retired Communist Party official said, as delegates to the country’s legislature lamented environmental degradation.
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The yuan’s appreciation may be limited to 1.9 percent against the dollar this year as the euro’s slump hurts exporters, a survey of economists showed after China signaled an end to a two-year peg.
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China’s success in cooling its economy is alarming investors concerned that a slowdown in the engine of the global recovery may help trigger another recession.
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The helicopter swooped over Hong Kong’s Victoria Harbor trailing a huge red-and-white banner: RMB SOVEREIGN BONDS. There were billboards on buses and banks and at the entrance to the cross-harbor tunnel.
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China’s stocks fell for a third day after Morgan Stanley and Deutsche Bank AG cut their economic growth forecasts for the Asian country on concern a slowdown in the U.S. and Europe will reduce exports.
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Ma Jun , chief China economist for Deutsche Bank AG, comments on the People’s Bank of China’s decision to raise the reserve requirement for the nation’s lenders by 0.5 percentage points from May 18.
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Chinese authorities halted plans to produce the toxic chemical paraxylene at a China Petroleum & Chemical Corp. plant after hundreds of residents clashed with police over concerns the factory would hurt their health.