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Tag Archives: china

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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China Stock Market Freezing up as Sell-off Gathers Pace

China’s tumbling stock market showed signs of seizing up as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of “panic sentiment” gripping investors. Beijing, which has struggled for more than a week to bend the market to its will, …

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China Ratifies Creation of BRICS Bank

China has officially ratified the agreement on creating New Development Bank (NDB), formerly referred to as the BICS Development Bank, today, July 1. State news agency Xinhua reported the news today. NDB represents a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China, and South Africa). The …

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Nabeglavi Focuses on Asian Markets

“Margebeli Tskali” (Healthy Water) produced by Nabeglavi company has entered  the Chinese and  Arab markets this year. According to  a representative of the company, the company’s products are exported to China for several months and represents  an interesting direction for the company. Levan Chikovani says  that China is a big …

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Disney Opens First Mainland China Retail Store in Shanghai

Disney Opens First Mainland China Retail Store in Shanghai

The Walt Disney Co. opened its first Disney Store in China, getting started on a major expansion into the world’s second-largest economy. The store, at 9,257 square feet, is Disney’s largest in the world, the company said Wednesday in a statement. It is located in Shanghai’s Pudong district, where Disney …

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US and China Economies Slow Down, While Eurozone Rebounds – OECD

Economic growth in the US and China is expected to slow down while the eurozone is still on course for economic recovery this year, according to the Organization for Economic Cooperation and Development (OECD). “In the euro area, growth momentum continues to strengthen, particularly in France and Italy. Signs of …

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China is World’s Top Crude Buyer

China overtook the United States as the world’s top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil and commodities markets.The soaring imports came as a surprise as growth in the …

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