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No need to hype China's weak figures

Much fuss has been made about the latest disappointing economic indicators, just as when weak data in the first quarter pointed to growth below China's annual target.

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Italian PM's prediction of zero economic growth aims at lowering expectations: experts

​Italian Prime Minister Matteo Renzi turned heads this week when he predicted the country's economy would not grow at all this year.

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Chinese premier reassures world CEOs of growth

​Chinese Premier Li Keqiang reassured global CEOs Tuesday that China would achieve its GDP growth target of about 7.5 percent despite recent fluctuations.

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China on right growth track, remaining attractive

China is on the right track to transform its economy and is capable of keeping growth rate at over 7 percent in the coming years, Klaus Schwab, founder and executive chairman of the World Economic Forum, said on Tuesday.

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Canada hails WEF's rating for its soundest banking system in G7

​Canadian Finance Minister Joe Oliver welcomed Wednesday the World Economic Forum (WEF) rating of the country's banking system as the soundest in the world for the seventh year in a row in its annual Global Competitiveness Report.

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S. African gov't dedicated to economic transformation: deputy president

​The South African government will continue to pursue a counter-cyclical fiscal policy where the government saves during good times and spends to stabilize the economy during downturns, Deputy President Cyril Ramaphosa said on Thursday.

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Party leads China's economy into bright future

Xinhua published a commentary on Thursday on China's economic performance in the first seven months under the leadership of the Communist Party of China (CPC).

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S. Korean finance minister, BOK governor agree to cooperate in supporting econom

South Korean Finance Minister Choi Kyung-hwan and Bank of Korea (BOK) Governor Lee Ju-yeol agreed Monday to cooperate in supporting their country's economy, reports from Yonhap said.

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Yellen signals continuity on easy monetary policy, cautious on rate rise

U.S. Federal Reserve Chair Janet Yellen on Tuesday reiterated that the central bank would continue to implement the current easy monetary policy and should be cautious over raising interest rates, as the U.S economy recovery remains incomplete.

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Chinese finance minister says currency intervention necessary

Chinese Finance Minister Lou Jiwei on Wednesday said currency interventions are necessary when the economy has yet to fully recover and capital inflow is abnormal.

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IMF lowers U.S. growth forecast to 2 percent in 2014

The International Monetary Fund (IMF) on Monday cut its U.S. economic growth forecasts for this year from the previously predicted 2.8 percent to 2 percent due to a weak first quarter performance, but kept its 2015 projection unchanged at 3 percent.

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Japan maintains monetary policy, raises outlook on foreign economies

The Bank of Japan (BOJ) on Friday voted unanimously to continue to expand its monetary base, stating that the domestic economy is on a moderate recovery path despite the consumption tax hike in April, while raising its view on overseas economies.

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Targeted control measures to boost steady growth of Chinese economy

China's targeted control measures, to tackle economic issues in a "precise, prompt and appropriate" manner, are a new way to counter challenges and boost steady growth amid uncertainties about the Chinese economy.

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China's PMI hits 5-month high, pointing to stabilizing economy

Growth in China's manufacturing sector continued to accelerate in May, hitting a five-month high and adding to signs of a stabilizing economy, official data showed on Sunday.

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Taiwan economy shows steady growth

Taiwan's economy continued to grow in April, with an economic indicator of business activity signaling steady growth by flashing a green light for a third consecutive month, the island's statistic authority said on Tuesday.

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Indonesia gears up in implementing environment-friendly financial system

Indonesia took one step in implementing environment-friendly financial system with the signing of an Memorandum of Understanding between the Indonesian environment ministry and the Financial Service Authority on Monday, paving the way for the OJK to do so.

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Xinhua Insight: Property bubble will not wreck China's economy

Economists from China's leading think tanks have dismissed predictions that a possible property meltdown would trigger a crisis or even a crash in the world's second largest economy.