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Monthly Archives: March 2015

Bulgaria sells 3.1 bln euros in largest ever bond sale

Bulgaria sold 3.1 billion euros its biggest ever debt sale on Thursday, becoming the latest emerging market to tap strong demand for euro-denominated debt stemming from the European Central Bank’s quantitative easing programme. Sofia priced three separate government bonds at the tight end of price guidance. It sold 1.25 billion...
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IBM to share technology with China in strategy shift: CEO

IBM Corp will share technology with Chinese firms and will actively help build China’s industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China’s shifting technology policies. IBM must help China build its IT industry rather than...
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ChemChina to buy Italian tire maker Pirelli in $7.7 billion deal

China National Chemical Corp (ChemChina) is to buy Pirelli (PECI.MI), the world’s fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands. The deal agreed with Pirelli shareholders on Sunday is the latest in a...
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Hainan expands duty-free program to boost tourism

The range of imported items available at duty-free shops in Hainan was increased on Friday in a bid to promote the island province as an international tourist destination. An additional 17 types of product, including baby formulas, coffee and air fresheners, have been added to the duty-free program, taking the...
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Foreign media praised the “Made in China ” : both high and low

By re-manufactured products sold to foreigners, China and the world economy to make themselves reborn. In 1990, China’s share of global manufacturing output in less than 3%, and now has close to 25%. Approximately 80% of the world’s air-conditioned, 70 percent of mobile phones and 60% of the shoes are...
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Xiaomi to open new store this year

Chinese smartphone maker Xiaomi Inc. said that it will open a facility in Taiwan in the next few months to showcase its products and provide better after-care service. Xiaomi, whose low-cost, feature-rich phones are sold largely online, previously planned to set up a store in Taiwan by the end of...
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China Prepares Mergers for Big State-Owned Enterprises

China’s leadership is preparing to radically consolidate the country’s bloated state-owned sector, telling thousands of enterprises they need to rely less on state life support and get ready to list on public markets. The economic slowdown has heightened the imperative to eke better returns out of the state firms that...
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Tesla shedding jobs in China as sales target missed

High-end electric vehicle maker Tesla Motors Inc on Monday said it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target in the world’s biggest car market. Tesla declined to specify how many jobs would be cut, and did not comment on...
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