Wang Chen News
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Chinese equities traded in New York dropped, sending the benchmark index lower for the first time in three days, after the Asian nation’s import fell and industrial output growth eased, adding to signs the economy is slowing.
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Soybean imports by China, the world’s biggest buyer, were lower than expected in May, which could support local prices, Wanda Futures Co. said.
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Xinhua News Agency, China’s official news wire, reported revenue of 5.6 billion yuan ($884 million) in 2011, a 72 percent gain from 2010, as the country pushes to expand its influence around the world.
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Searches for “Shanghai Composite” were blocked from China’s most-used microblogging service after the stock index’s drop on the 23rd anniversary of the Tiananmen Square crackdown corresponded to the date of the event.
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China’s Communist Party handed out phone numbers and resumes to foreign media in an unprecedented gesture of openness for an organization that has ruled from behind a walled compound since Mao Zedong took power in 1949.
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Rubber stockpiles in China’s Qingdao port, the main shipment hub for the commodity used in tires, are starting to expand as demand slows in the world’s largest consumer, said the Qingdao International Rubber Exchange Market.
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A ban on Internet users commenting on posts to China’s two largest microblogging sites enters its third day after the government closed 16 websites and detained six people for spreading rumors of a coup attempt in Beijing.
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A ban on Internet users commenting on posts to China’s two largest microblogging sites enters its third day after the government closed 16 websites and detained six people for spreading rumors of a coup attempt in Beijing.
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China’s interest rate increase will not halt the rally in commodity prices after short-term corrections, Wanda Futures Co. said.
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Sina Corp., operator of the Twitter- like Weibo microblog in China, may post a second straight quarterly loss because of increased spending.
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