Wang Chao News
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Emerging-market stocks dropped for a third day, sending the benchmark index to its lowest level in more than three weeks, as concern deepened that the global economic slowdown will curb corporate earnings.
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Emerging-market stocks dropped for a third day, sending the benchmark index to its lowest in more than three weeks, as concern deepened that the global economic slowdown will curb corporate earnings.
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Indonesia’s rupiah led a decline among Asian currencies on further evidence Europe’s debt crisis is hurting demand for regional exports, threatening a deeper slowdown from Japan to China and Thailand.
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Foreign direct investment in China dropped 6.9 percent in June from a year earlier, the government said today as it signaled extra efforts to draw capital from abroad in the world’s second-biggest economy.
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Chinese equities fell in New York, sending the benchmark index to to the lowest level in nine months, on concern stimulus measures will take time to spur growth in the world’s second-largest economy.
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China pledged to improve its monitoring of intellectual property rights in trade talks with the U.S., as American officials called on the world’s second biggest economy to abide by international rules.
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Chicago is known as a destination for immigrants. Yet in a city with 2.8 million people, the most recent U.S. Census estimates found only about 40,000 Chinese -- just 1.4 percent of the population.
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SouFun Holdings Ltd., the operator of China’s biggest property website, posted the second-largest first-day gain for a U.S. initial public offering this year after raising $125 million selling shares at the top of its price range.
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China sent more than 30 corporate executives to New Jersey to seek trade and investment deals, as complaints grew in the U.S. of discrimination against American companies.
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Chinese tourists are estimated to have spent almost $8 billion in U.S. last year, the Ministry of Commerce said in a statement on its website today, citing Deputy Minister Wang Chao.
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