China News
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China’s economy probably grew more than 9 percent in the third quarter, indicating the nation remains an engine of global growth even as Europe grapples with the sovereign debt crisis and the U.S. recovery falters.
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Speculators boosted their wagers on higher commodity prices for the first time in five weeks as increasing confidence that the global economy will avoid another recession spurred the biggest rally of the year.
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European leaders have one week to settle differences and flesh out a strategy to terminate their sovereign debt crisis as global finance chiefs warn failure to do so would endanger the world economy.
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Sinohydro Group Ltd.’s shares will start trading in Shanghai on Oct. 18, according to a statement to the stock exchange today. The initial public offering will probably be the biggest in China this year.
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