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The report also showed Chinese executives are more upbeat about the global prospects with 70% of respondents see the global economy improving.

“The two sides have some views in common. They both want to reduce global imbalances….They both think that exchange rate should be determined by a market system”

China has been a frequent visitor to the "Priority Watch List" , which is also known as the list of "Bad Guys".

The main reason for U.S.-China trade imbalances was that the U.S. has until now still imposed restriction on exports of as much as more than 2,400 products, according to Chen Deming.

The report said the rise was led mainly by improving new orders flows which hit a six month high of 49.7 and a slower rate of production contraction at 49.3 from March's 47.4.

China has targeted the average annual growth of exports and imports at 10 percent for the 2011-2015 period, lower than that the country has seen in recent years

The flash Purchasing Managers Index rose 49.1 in April from March’s final reading of 48.3, still in the contractionary range.

The global financial crisis is far from over with global economy on track towards a wobbling recovery, Chinese Premier Wen Jiabao said in a speech to open the Hannover trade fair on Sunday.

China will introduce more policies to improve international investment environment as the country's “Going Out” policy faces major strategic opportunities

The central government’s hidden liabilities could reach as much as 10.94 trillion yuan

IMF predicted Chinese economy to grow at 8.2 percent from a year ago, higher than the government’s 7.5 percent target

China has attracted 11.76 billion U.S. dollars in foreign direct investment in March, down 6.1 percent from a year ago

The World Bank selected Jim Yong Kim, the Korean-American expert in public health, as its next president.

The average tax rate for Chinese labors stood at 45 percent in 2008, higher than the average level in other OECD members and even beating those in higher-income counties

Growth of China's industrial value-added output scaled back to 11.6 percent in the first quarter from last year's 14.4 percent

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