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  1. News - China

    Wen urges action on Europe debt crisis

    Posted Aug 30th 2012, 11:22am by Associated Press in Beijing

    ... – the so-called troika – support indebted euro zone countries “in overcoming hardships.” Merkel told reporters that while the crisis is not over, countries such as Italy and Greece were “on an intensive ... the troika are due in Athens next month for a review on which hinges a rescue loan instalment of 31 billion euros. “I want Greece to remain part of the euro zone,” Merkel said. “I have at the same ...

  2. Beijing will increase tax rebates to help exporters

    Posted Feb 22nd 2012, 12:00am

    ... HSBC's head of trade and supply chain, said this was because euro-zone uncertainties were easing and orders from North America were recovering. In the next five years, Asia-Pacific would enjoy ... confirmed the report yesterday. The move, which will be the first since mid-2009, will lower exporters' costs, as global demand declines amid the euro-zone's sovereign debt crisis ...

  3. Bank rates cut for first time in four years

    Posted Jun 08th 2012, 12:00am

    ... reform. The People's Bank of China cut rates by 25 basis points for 12-month lending and deposit interest rates starting from today to counter a deepening economic slowdown as the euro-zone ... an immediate effect on stock markets around the world with European stocks closing higher, helped also by signs that euro-zone leaders were edging towards the tough steps needed to tame the debt ...

  4. Beijing urged to cushion euro blow

    Posted May 24th 2012, 12:00am

    ... to a two-year low this year of 7.6 per cent, and the damage would be even greater if the euro-zone crisis worsened. 'With the EU accounting for one-third of global import demand, a recession ... the pinch of the euro-zone debt crisis and wobbly demand in North America, and feared the worst was yet to come. 'The operating environment in the Pearl River Delta is deteriorating ...

  5. Growth in new loans better than expected

    Posted Dec 15th 2011, 12:00am

    ... 'Provided that the euro zone withstands the crisis, China would not need drastic measures like another stimulus package. The central bank is likely to cut the reserve requirement ratio three to four ...

  6. Beijing and Berlin taking friendship to next level

    Posted Feb 02nd 2012, 12:00am

    ... to China in the same year. Neither Beijing nor Berlin has detailed the issues that will be discussed between Merkel and Chinese leaders, but analysts expect the euro-zone crisis, climate change, ... is leading the charge. Beijing has provided billions of dollars in state financing for key public works projects in Europe. Exchange rates have been a big issue between the US and the euro zone ...

  7. Industrial growth to slow again

    Posted Oct 27th 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Growth in industrial output is likely to slow further this quarter as firms cope with rising costs fuelled by a stronger yuan and weakening global demand caused by the euro zone debt crisis, the Ministry of Industry and Information Technology says. But this year's industrial growth will still meet the government's target of 11 per ...

  8. A boost for HK's yuan hub role

    Posted Aug 19th 2011, 12:00am

    ... Beijing has announced these moves in the wake of market turmoil triggered by the euro zone debt crisis and a ratings downgrading of US debt. They come at the same time as a strengthening ...

  9. Top leaders step up focus on Europe

    Posted Apr 21st 2012, 12:00am

    ... Financial Stability Facility, while also calling for bold steps by Europe to improve trade ties, including recognising China as a market economy. Jin said that the ongoing euro-zone crisis ... will span the continent and come at time when the country is still feeling the aftershocks of a political crisis following the ousting of Politburo colleague and Chongqing party boss Bo Xilai. ...

  10. China urges Europe to open up to more trade

    Posted Jun 18th 2011, 12:00am

    ... can overcome the difficulties is very important to China,' Fu said. 'We hope to help euro zone countries to overcome the crisis, which is a measure that is also beneficial ... China says it is vital that European economies recover from the current debt crisis and has called for the removal of obstacles facing Chinese companies wanting to invest in Europe. ...




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