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<正>TO THE POINT: China has initiated the trial program of Renminbi Qualified Foreign Institutional Investors, making a solid step to boost wider use of the Chinese currency. Home price declines spread to more Chinese cities as the tightening measures gained traction. China trimmed its holdings of U.S. Treasury securities by $14.2 billion in October. In a report by Deloitte Touche Tohmatsu Ltd., the accounting firm expects China to remain a manufacturing powerhouse over the next few years, though pressures are already mounting.     

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China’s once-feverish manufacturing industry is cooling down as the purchasing managers index heads south. Commercial banks experience a surge in profits, but worries are proliferating about their shrinking deposits.Steelmakers, however, are feeling the pinch of lackluster demand and falling steel prices. The Swedish auto brand Saab is set to be acquired by two Chinese companies gearing up to expand globally. China is expected to become the world’s second largest consumption market by 2020.     

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TO THE POINT:China's manufacturing sector warms up as indicated by an increase in the Purchasing Managers Index(PMI).     

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Consumer EffortsIf it is true China has fully shaken off the economic downturn,consumption deserves much of the credit.     

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China Everbright Bank dazzles the domestic stock market with China's second largest IPO this year As it launched its initial public offering(IPO) in Shanghai on August 18, 2010,China Everbright Bank Co. Ltd. was greeted with a warm welcome- shares of the mid-sized bank closed at 3.66 yuan($0.54) on its first trading date, jumping 18 percent from the IPO price of 3.1 yuan($0.46).     

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Funding RetirementState shareholders had transferred nearly 65 billion yuan($9.5 billion)worth of stocks in listed companies to the Social Security Fund(SSF)by March 29,according to a statement from the SSF.     

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At the Tianjin conference, nations try to find common ground on climate change As global climate negotiators gathered in Tianjin, a port city of north China,they knew exactly what their decisions would mean for the world's future.     

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National Economy in 2009Last year was one of the most difficult periods for China's economic development in the new century.     

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TO THE POINT: An inexplicably high loan volume in January forced regulators to control loan issuance in the market. The Chinese Government focused     

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TO THE POINT: China scooped up Japanese government bonds in a bid to diversify its holdings of foreign exchange reserves. The gold market gained a chance to shine while stocks and     

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正OPINION Addressing Forex Conundrum It is reported that Chinese policymakers are mulling reforms to allow individuals in Wenzhou, a hotbed of private economy in east China’s Zhejiang Province, to directly investinoverseas assets.The move is expected to loosen control over private investors, and widen their channel to invest abroad. More importantly, it     

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正OPINION Serving Private Lending On April 26, the Wenzhou Private Lending Registration Service Center was officially launched in Wenzhou, east China’s Zhejiang Province, marking a major step forward in legalizing privatefinancing.     

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正OPINION Will Youku-Tudou Work?Youku.com and Tudou.com,China's top two online video websites,on March 12 announced they would merge through a stock swap to form an industry leader in the world's largest Internet market.The deal,worth an estimated $1.04 billion,will become the largest stock-swap merger in China's Internet market.     

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OPINION Capital Flight Becomes a Concern The renminbi counterpart of China’s foreign exchange reserves in August decreased by17.4 billion yuan($2.76 billion)compared toJuly.     

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正OPINION The Nature of Foreign Capital The partnership between HSBC Holdings and Ping An Insurance, once a much-told success story, seems to be coming to an end. The two companies recently announced that HSBC     

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OPINION A Market-Based Change China’s central bank has taken a step toward further improving the way it controls monetary supply. The People’s Bank of China(PBC) usually manages banking-system liquidity with traditional methods deriving from its administrative power,such as adjusting credit quota and     

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OPINION Looming Bad Loans The 2012 annual reports released by the five major Chinese banks showed the Yangtze River Delta Economic Region has been severely affected by bad loans. Take Agricultural Bank of China (ABC) and China Construction Bank (CCB) for example. Non-performing loans in the region accounted for 23 percent and 44.1 percent of the total, rising from 0.98 percent and 1.31 percent to 1.19 percent and 1.97 percent respectively. The