Wen Jiabao News
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China’s legislature will meet for its once-a-year plenary session from March 5-14, during which they will review and approve the nation’s 2012 budget and the economic targets and policy objectives set for this year by Premier Wen Jiabao.
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JPMorgan Chase & Co.’s pipeline of clients from China seeking financing overseas has doubled from a year ago to a record, led by developers seeking funds, said the head of its China investment banking business.
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China will stem any new property easing by local governments as the central authority is determined to maintain curbs on housing, Shanghai Securities News reported today.
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Saudi Arabia is deploying the most oil rigs in four years as it prepares for possible shortages caused by tension with Iran, giving President Barack Obama one less reason to answer calls to curb prices by releasing supplies from America’s emergency reserves.
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Emerging-market stocks fell from a seven-month high on concern China will refrain from further steps to ease monetary policy, curbing appetite for commodities and emerging-market assets.
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China’s February home prices posted the biggest decline in 19 months as the government pledged to maintain curbs on property, according to SouFun Holdings Ltd., the nation’s biggest real-estate website owner.
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China’s manufacturing expanded at a faster pace in February and a gauge for India showed sustained growth, indicating that Asian economies are maintaining momentum even as Europe’s debt crisis caps exports.
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Chinese equities traded in the U.S. posted a second monthly gain, led by companies dependent on domestic consumption, on prospects the government will take further steps to bolster the economy after lowering reserve requirements on banks for the second time in three months.
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Lumber futures that surged more than any other commodity in February may extend a rally to a 10-month high as China boosts imports and the U.S. housing recovers, researcher Wood Resources International LLC said.
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China’s local municipalities will press on with efforts to ease property curbs that have slowed the land sales they rely on for revenue, even after two cities retreated in the face of opposition from the central government.
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