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The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a major policy shift to make China an even stronger competitor on the global stage. The NYT reports.
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SHANGHAI, May 25- Chinese Premier Li Keqiang criticised the European Union over its plans to investigate alleged anti-competitive behaviour by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.
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WASHINGTON, May 24- Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday.
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The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a major policy shift to make China an even stronger competitor on the global stage. The NYT reports.
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SHANGHAI, May 24- The central bank fixed a record high midpoint for the yuan on Friday despite the dollar's overnight rally, allowing the spot market to push it to a new high, which some traders said could signal a quickening pace of reforms for the currency regime.
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HONG KONG, May 24- Hong Kong shares extended losses on Friday to fall to their lowest in almost a month as the property sector sagged over concerns that China's economic recovery may be stalling. China Vanke fell 0.8 percent in Shenzhen after testing its highest since Feb. 5 on Thursday.
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HONG KONG, May 24- China shares posted their fourth-straight weekly gain on Friday, despite weakness in property developers amid concerns that the Chinese economy may be slowing. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.6 percent, while the Shanghai Composite Index also closed up 0.6 percent at 2,288.5 points.
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SHANGHAI, May 24- The central bank fixed a record high midpoint for the yuan on Friday despite the dollar's overnight rally, allowing the spot market to push it to a new high, which some traders said could signal a quickening pace of reforms for the currency regime.
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SINGAPORE, May 24- London copper futures edged higher on Friday after falling the most in three weeks the session before on signs that growth had stalled in top consumer China.
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SINGAPORE, May 24- London copper futures edged higher on Friday after falling the most in three weeks the session before on signs that growth had stalled in top consumer China. *The most-traded September copper contract on the Shanghai Futures Exchange was little changed at 52,680 yuan a tonne.
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*China factory activity shrinks in April- HSBC survey. SHANGHAI, May 23- China's yuan, which hit record highs the past two days, closed slightly lower against the dollar on Thursday after the central bank signalled a pause in moves encouraging appreciation for the currency.
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*Copper falls as much as 3 pct, oil down for third day. SINGAPORE, May 23- Copper fell 3 percent and oil dropped for a third day on Thursday after a factory survey suggested China's economic recovery has stalled and Federal Reserve Chairman Ben Bernanke hinted at possible cutbacks in the U.S. stimulus plan.
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HONG KONG, May 23- Hong Kong shares suffered their worst daily loss in seven weeks on Thursday after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October.
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HONG KONG, May 23- Shanghai shares posted their worst loss in a month on Thursday, falling along with other Asian stock markets after a private survey suggested manufacturing activity in China contracted in May for the first time since October. The Shanghai Composite Index shed 1.2 percent in its biggest single-day decline since April 23.
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*China factory activity shrinks in April- HSBC. SHANGHAI, May 23- China's yuan slipped against the dollar after the central bank signalled a pause on Thursday after the yuan climbed to record highs over the past two days.
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*HK losses accelerate after China flash PMI at 7- mth low. HONG KONG, May 23- Hong Kong shares are headed for their worst daily loss in seven weeks on Thursday, sinking deeper into the red after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October.
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SINGAPORE, May 23- London copper fell more than 2 percent on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured by concerns the United States may pull back on its bond-buying program.
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*Copper rallied to $7,533.75 a tonne in the previous session, its highest since April 12, but remains mired in losses of 7 percent for the year. *The most-traded September copper contract on the Shanghai Futures Exchange lost 0.75 percent to 53,080 yuan a tonne.
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SHANGHAI, May 23- The rolling green hills and gurgling blonde toddlers in the ads for Yashili International Holdings Ltd underscore how keen China's biggest milk powder producers are to appear global to emerge from the shadow of a fatal baby formula scandal.
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*Fed Chairman Bernanke speaks to Congress at 1400 GMT. LONDON, May 22- Gold extended earlier gains on Wednesday as the dollar weakened after U.S. On Tuesday, New York Federal Reserve Bank President William Dudley and St.
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*Coming Up: Fed Chairman Bernanke speaks at 1400 GMT. LONDON, May 22- Gold rose on Wednesday as the dollar fell after Federal Reserve officials allayed investor concerns that the U.S. central bank would soon reduce its bond-buying programme, while Chinese physical demand also lent some support to prices.