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Tag Archives: china

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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Silk Road project promotes Georgia-China economic relations

Georgia is the first country in the South Caucasus to officially meet China’s Silk Road Fund representatives to discuss the $40 billion USD project that’s designed to improve trade, drive investment in infrastructure and boost connectivity across Asia. A Georgian delegation, led by Economy Minister Giorgi Kvirikashvili, went to China …

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China cuts interest rates

China’s monetary policy

CHINESE monetary policy is rarely straightforward. This weekend’s interest cut was no exception. The third loosening move in little more than three months, it should be evident that China is now in all-out easing mode.

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