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Namibian economy contracts by 0.8 pct in 2017: statistics office

WINDHOEK,March29(Xinhua)--TheNamibianeconomycontractedby0.8percentin2017,comparedtoagrowthof0.7percentrecordedin2016,theNamibiaStatisticsAgencysaidonThursday.Th

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Chinese e-commerce giant to invest 20 billion yuan in NE China

Chinesee-commercegiantJD.complanstoinvestmorethan20billionyuan(3.1billionUSdollars)inthe"rustbelt"northeastChinaoverthenextthreeyears.Themove,whichechoesthecent

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More military technologies targeted for civilian sector to boost economy

Chinawillstrengtheninnovationbydevelopinghigh-techindustrieswithmilitarytechnologiestoboostmilitary-civilintegration,amovethataimstocultivatenewgrowthdriversand

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5.5% of China's labor force works in sharing economy

Around5.5%ofChina'slaborforceworksintherapidlyexpandingsharingeconomy,accordingtoareportfromthetopeconomicplanneronMonday.ThemarketvalueoftheInternet-basedshari

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Sri Lanka defends proposed Free Trade deal with China

Sri Lanka on Monday defended a proposed Free Trade Agreement with China and insisted that it will not have a negative impact on local industries.

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Sri Lanka defends proposed Free Trade deal with China

ByAPDWriterEaswaranRutnamSriLankaonMondaydefendedaproposedFreeTradeAgreementwithChinaandinsistedthatitwillnothaveanegativeimpactonlocalindustries.IndustryandCom

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China to focus on top-end products for industrial edge

China aims to make breakthroughs in high value-added products like the next-generation numerical control machines, large passenger jets, sensors and industrial software, to improve its capability in key manufacturing technologies so as to compete with established global rivals, said senior officials on Friday.

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China to focus on top-end products for industrial edge

Chinaaimstomakebreakthroughsinhighvalue-addedproductslikethenext-generationnumericalcontrolmachines,largepassengerjets,sensorsandindustrialsoftware,toimproveits

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China's emerging industries work to increase capacity amid economic shift

As many Chinese companies tackle excess capacity, one high-tech company in the southwestern city of Chongqing is facing the opposite problem.

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Performance of stocks sheds light on new growth engine in China

China's Shanghai Composite Index has struggled around 2,800 points for the past two weeks, and a look beneath the surface at companies' performance sheets reveals the by-product of an uneven landscape.

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Finance sector employees best paid in China

Employees in the finance sector earned more money than those in other industries in 2015, according to the data released Friday by the National Bureau of Statistics (NBS).

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Focus on emerging industries and cost performance under L-shaped economy

The L-shaped economic trend in China will last for a certain period and will not end in just one or two years, indicated by an “authoritative figure” in an interview of the People’s Daily in May.

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'Zombie companies' adjust to new reality

As overproducing and unprofitable businesses in the ship building, mining, steel and cement industries are forced to close or downsize, employees come to terms with the change and look toward the future. Xinhua News Agency and Du Juan report.

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Job losses unfortunate but necessary

​Redundancies are inherently painful for those losing their jobs, their families and society at large, but for industries weighed down by overcapacity, it is a transition that could not happen soon enough.

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China's traditional, new firms' fortunes to diverge

​The performances of Chinese enterprises will diverge this year, depending on whether they are in traditional or emerging industries, according to a new report.

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Chinese banks fear credit risks in industries with overcapacity

The greatest credit risk that Chinese banks faced in 2015 was related to the loans to industries mired in overcapacity, according to a survey released on Sunday.