Zhang Qi News
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China’s stocks rose the most in a month after companies from Qingdao Haier Co. to Northeast Securities Co. reported higher profit and a government economist forecast growth will rebound this year.
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China, the second-biggest corn user, may increase imports to a record in the marketing year starting Sept. 1 as wet weather in its northeast region cut grain quality, according to advisory service Yigu Information Consulting Ltd.
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Chinese B shares, created in 1992 for foreign investors, have soared to a two-year high in Shenzhen on speculation that more companies will seek to list in Hong Kong, where companies are awarded higher valuations. Their Shanghai- traded peers, which have lagged behind, may join the bonanza.
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China, the second-biggest corn consumer, lowered subsidies for producers of grain-based ethanol by more than half in the latest move to curb industrial use and ensure livestock-feed supply.
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China’s stocks fell the most in almost a week after a preliminary report on manufacturing signaled a sixth month of contraction and officials tightened standards for small companies listed on the ChiNext Board.
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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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China’s stocks rebounded from a four- month low, erasing a weekly decline by the benchmark index, as investors speculated inflation may ease in coming months, reducing the need for further tightening measures.
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China’s stocks rose for a third day as a pick-up in the property market helped the nation’s service industries expand at a faster pace and speculation grew the government will further ease monetary policy.
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China’s stocks rose from a six-week low on speculation recent losses were excessive and European leaders will step up efforts to contain the debt crisis.
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China’s stocks fell for the first time in eight days, led by material and agriculture producers, on concern this month’s rally that drove the benchmark index to a bull market was excessive relative to the outlook for earnings.
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