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Global Times - Friday 24th May, 2013
China will steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year, a central bank report said on Friday.The central bank, or the People's Bank of China, has pledged to further optimize the credit structure to allow the financial sector to better serve the real economy, according to the report on China's financial stability.It calls ...
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China Daily - Friday 24th May, 2013
/enpproperty--> LONDON - The RMB, or Chinese yuan, would be able to become one of the top three global traded currencies in volumn term by the end of 2015, said Douglas Flint, chairman of HSBC Holdings plc, in London Friday. "The RMB is increasingly the part of nomal day-to-day business for anyone trading or investing in China," said Flint at the Annual General Meeting (AGM). ...
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China Daily - Friday 24th May, 2013
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China.org.cn - Friday 24th May, 2013
U.S. stocks were traded almost flat Friday to end the week lower, snapping a four-week gaining streak amid worries that the Federal Reserve may reduce its stimulus program in ...