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SOE Reforms on Agenda at "Third Plenum", Official Says


New measures will be taken to deepen reforms of China's giant state-owned companies at a key meeting which will run between November 9 and 12

Finance »

China to Cut Reserve Ratio for Some Rural Banks
Chinese Premier Li Keqiang said reserve requirements would be relaxed for qualifying rural banks in a sign that more loosening policies are likely on the way.
China not Currency Manipulator: US Treasury
"China's currency yuan, or renminbi (RMB) appreciated on a trade-weighted basis in 2013 but not as fast or by as much as is needed," the US Treasury said.
US Warns China over Currency Depreciation
Washington has been pressing China for years to allow its currency to trade at stronger values.
Internet Finance Shaking up Chinese Banks
"The pressure isn't severe. Chinese banks still enjoy a loan price advantage. We maintain a stable outlook on sector margins this year."
Wenzhou's Bad Loan Ratio Growing, but at Slower Pace
Wenzhou local government has rolled out a series of initiatives aimed at exposing the previous underground lending system to "sunlight", which means putting it under a legal framework.
Chinese Lender ICBC Reports 10.2pc Rise in 2013 Net Profit
The bank said the latest growth, which slowed from 15 per cent recorded in 2012, was achieved thanks to increased interest income, steady expansion and cost reduction.
China Faces “Mini Crisis” on Debt Defaults, Former PBoC Advisor
Earlier this month, the solar cell producer Shanghai Chaori Solar Energy Science & Technology became the first Chinese company in the PRC’s history to default on a domestic corporate bond.
Yuan Enters New Era with Freer Float
A more flexible and volatile exchange rate is likely to give rise to more genuine participation and less speculation, reports Gao Changxin from Shanghai

Economy »

Infrastructure Projects Set to Boost Growth
Private investment to play bigger role in rail, harbor, energy sectors.
HSBC China PMI Ticks up in April
April's PMI reading was at 48.3, flat with earlier expectations and up 0.3 percentages from a month ago.
China's FDI Inflow down 1.47% in March
Foreign direct investment (FDI) into the Chinese mainland edged down 1.47 percent in March, the first monthly drop in over a year.
China GDP Grows 7.4 Percent in Q1
The nation's GDP growth stood at 7.4 percent from a year ago, the lowest level of the last 20 quarters.
Shanghai Zone in Search of Identity
The central government has pinned its hopes on the Shanghai FTZ to test policies for national financial reform and to better prepare China for regional free-trade frameworks, such as the Trans-Pacific Partnership.
Beijing Ranks 8th City with Most Global Appeal
The capital city of China landed at the 8th place of the annual ranking, a jump from 14th two years ago and 12th in 2008.
Delayed Response to Tainted Water Raises Concerns
The contamination was caused by a residual oil leak stemming from an oil tank explosion in 1987 and a fire in the residual oil pipeline, according to a preliminary investigation by the city government.
Government Won't Resort to Short-Term Stimulus
Growth under 7.5% acceptable so long as adequate employment exists.

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