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- It is India's century, not China's: Kamal Nath
New York: The 21st century is going to be India's, not China's, because it is the fastest growing free market economy, Commerce and Industry Minister Kamal Nath has said. 'China's growth rate is much better than ours today but what was it 14 years ago?'
- Senior Chinese leader meets former Hungarian prime minister
BUDAPEST, May 9 (Xinhua) -- Senior Chinese leader Jia Qinglin met here Friday afternoon with former Hungarian Prime Minister Medgyessy Peter on bilateral relations. Jia, chairman of the National Committee of the Chinese People's Political Consultative
- UPDATE 1-Three Chinese workers kidnapped in Nigeria
(Recasts with Nigerian comment, previous BEIJING) CALABAR, Nigeria, May 9 (Reuters) - A Nigerian driver abducted three Chinese workers from a construction firm in the remote southeastern state of Cross River following a dispute over wages and welfare,
- 'Red' May period
The key Shanghai index is likely to touch 4,000 points this week as the stock market has entered what is called a ''red'' May, analysts predicted. The A-share market is turning warm and expected to return to the 4,000-point mark in the second quarter as
- Follow-on share issues not a threat
China's capital market does not face strong pressure from follow-on share issues and sales of locked-up equities as recent stock drops may dampen fund-raising enthusiasm, the market regulator said in published comments yesterday. Capital raising
- Chinese bourses on the rebound
Shares in Shanghai closed 1.84 percent higher yesterday in the first trading day of May after a rally of metal and airline chips. The Shanghai Composite Index, which tracks yuan-denominated A shares and hard-currency B shares, gained 1.84 percent, or
- Share offer blamed for Ping An's HK plunge
Ping An Insurance (Group) Co, China's second-largest insurer, tumbled the most in six weeks in Hong Kong and Shanghai trading on speculation the company was getting closer to seeking Chinese regulatory approval for a share sale. Ping An fell 4.57 percent
- Gold price higher in Hong Kong - May 5
The gold price in Hong Kong went up 76 HK dollars to 8,007 HK dollars per tael on Monday, according to the Bank of China (Hong Kong). The price is equivalent to 863.25 U.S. dollars a troy ounce, up 8.42 U.S. dollars at Monday's exchange rate of one U.S.
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For centuries China has stood as a leading civilization, outpacing the rest of the world in the arts and sciences. But in the first half of the 20th century, China was beset by major famines, civil unrest, military defeats, and foreign occupation. After World War II, the Communists under MAO Zedong established a dictatorship that, while ensuring China's sovereignty, imposed strict controls over everyday life and cost the lives of tens of millions of people. After 1978, his successor DENG Xiaoping gradually introduced market-oriented reforms and decentralized economic decision making. Output quadrupled in the next 20 years and China now has the world's second largest GDP. Political controls remain tight even while economic controls continue to weaken.
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