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Monthly Archives: June 2015

China wants to see Greece stay in euro zone: premier

BRUSSELS – Chinese Premier Li Keqiang said Monday that his country would like to see Greece stay in the euro zone and is willing to play a constructive role in efforts toward that end. Li made the remarks when meeting the press jointly with President of the European Council Donald...
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China’s pension fund seeks investment in stock market

BEIJING – China’s pension fund is probably to be allowed to invest into the stock market to keep value and improve management as the country faces the challenge of an aging population. An official draft guideline released on Monday gives the fund the greenlight to invest in the stock market...
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AIIB shows center of world economic gravity moving east

Financial leaders of 57 states gathered in Beijing on June 29 to sign the agreement for establishing the Asian Infrastructure Investment Bank (AIIB), expected to become the region’s largest investment bank in the 21st century. Seventy years ago, the World Bank was established, led by the US and its close...
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Uygur family saves Han orphan

The story of an ethnic Han girl and a Uygur family shows that love can transcend ethnicity. On a cold winter day in 1999, Kebir Tumer walked on the street in Shaya county, Aksu, Xinjiang Uygur autonomous region as usual. But a baby’s cry interrupted his steps. Walking closer to...
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Women lead way in online sales

Women born in the 1980s and 1990s display a strong determination to launch Internet businesses and make up the main body of online entrepreneurs, a report has found. The study by the Alibaba Group also found that 61 percent of female entrepreneurs in online businesses are between 18 and 29,...
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Car involved in fatal crash was going at 195 km/h

A car that crashed into another vehicle killing two on the spot was going at 195.2 km per hour, according to traffic police in Nanjing, Jiangsu province. Nanjing Traffic Management Bureau said the BMW was over the speed limit and ran the red light when the accident happened on June...
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Abe’s comments draw fire

PM reportedly told journalists that security legislation is directed at containing Beijing Beijing demanded on Monday that Tokyo explain reports that Japanese Prime Minister Shinzo Abe said Japan’s security legislation is directed at China. Japan’s Gendai Business weekly reported on Monday that Abe said at a meal with high-ranking media...
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China gets 30% stake in AIIB as bank takes shape

Representatives of the 50 prospective founding members of the Asian Infrastructure Investment Bank on Monday morning signed the bank’s articles of agreement (AOA), laying the ground rules for officially inaugurating the multilateral lender. The rest of the seven prospective founding members have not yet signed the agreement as they are...
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European visit to find economic synergies

Premier Li Keqiang arrives in Brussels as countries finalize infrastructure bank Premier Li Keqiang arrived in Brussels on Sunday afternoon, hoping to pair the Chinese leadership’s biggest economic ambition, its Belt and Road Initiative, with the need for liquidity and infrastructure upgrading in Europe. At the same time, 14 European...
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Taiwan investigates blaze; injuries revised down to 498

TAIPEI – The number of people injured in an explosion and fire in a recreational water park in Taiwan has been revised down to 498, the local health department said Sunday. Authorities began investigating the cause, suspected to be a sudden explosion of a colored powder thrown on those attending...
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