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Tag Archives: china

PM to Visit China for World Economic Forum in September

Georgia’s PM Irakli Garibashvili will visit China on September 8-13 to participate in the World Economic Forum’s annual forum, also known as the ‘Summer Davos’, in the northeastern port city of Dalian. Georgian PM’s office said that Garibashvili will meet Chinese Premier Li Keqiang, as well as representatives of business …

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Three Georgian Wine Centers have Opened in China

While Georgian wine is found on many London and New York wine lists, it was virtually unknown for Asia, but recentrly three Georgian wine centers have opened in China’s Xinjiang province. One of the largest importers of Georgian wine to China, Xinjiang Beifangjianda Trade Co, was responsible for opening the Georgian …

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China Shares Fall More Than 8% On Growth Concerns

Shares in mainland China have recorded their biggest one-day fall for more than eight years following a sell-off towards the end of the trading day. The Shanghai Composite closed down 8.5% at 3,725.56 after more weak economic data raised concerns about the health of the world’s second largest economy. Profit …

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Possible Consequences of Georgia-China Free Trade Agreement

The study showed that a free trade agreement between Georgia and China has great potential. Georgia’s export to China would increase by 9% approximately, in the short-term period including significant growth ofwine exports (28.5%) and non-alcoholic drinks (36.7%). On the other hand, imports from China would increaseby 1.7%.The study has …

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Three Georgian Wine Centers Opened in China

Three Georgian wine centers were  simultaneously opened in China’s Xinjiang province: Georgian Wine Culture Exhibition Hall,  Georgian Wine Salon and  the Georgian Wine Club. The Georgian wine culture exhibition hall is  located on 400 square meters where historical and cultural patterns of  Georgian wine, tasting and presentation materials are displayed …

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BRICS Bank NDB Opens for Operations in Shanghai

BRICS New Development Bank (NDB) has opened for operations in Shanghai, and will seek to deploy its $50 billion initial capital to fund infrastructure and sustainable development projects. Chinese Finance Minister Lou Jiwei, Shanghai Mayor Yang Xiong and NDB chief Kundapur Vaman Kamath  attended the ceremony, China Radio International reported. …

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Chinese Yuan Weakens Despite Stock Market Rise

With the market now cooling, the Chinese economy is losing a major boost, adding pressure on the government to take further action. The stock market rise was fast and furious. At their peak in mid-June, China’s main share indexes, the Shanghai and Shenzhen exchanges, had more than doubled over the …

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Oil Prices Fall as Iran Nuclear Deal Seems Likely

Oil prices fell on Monday as Iran and six world powers were close to nailing down a nuclear deal, but high Chinese crude import figures prevented prices from tumbling further.  The potential of Iran soon adding to global oil oversupply and the demand side weakening over China and Europe led …

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Stocks Fall, Yen Jumps on China Turmoil

World stock indexes fell and the yen jumped against the dollar on Wednesday on concerns over China’s market turmoil and lingering worries over the future of Greece in the euro zone. U.S. stocks ended sharply lower, with investors also unnerved by a more than three-hour suspension in New York Stock …

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‘Ground Zero’: China’s Stock Market Crash up Close in Shanghai

BEIJING — For decades, the Chinese Communist Party has been able to keep control of democracy protests, dissidents, the legal system and the military, but it is now facing an even more intractable foe: a plummeting stock market. Invisible and fast-paced, mutinous market forces­ have defied the party-led government’s efforts …

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