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Chinese economy stabilizes, heralding global economic recovery

​The gross domestic product (GDP) of China grew 6.7 percent in the third quarter of 2016 on a year-on-year basis, steady from the first two quarters, the National Bureau of Statistics of China said Wednesday.

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World cannot afford Sino-US economic tensions to rise

The election rhetoric about China being voiced by US presidential candidates should stay on the campaign trail, and not find its way into the Oval Office

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The last thing a global economy in peril needs is the spectre of rising trade protectionism

The release of cash to the financial sector must be properly channelled to consumers and business, and not hoarded by the banks for balance sheet purposes

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China to restrain credit growth amid property restrictions

China will control its credit growth and take active measures to promote the healthy development of the housing market, a central bank statement said Saturday.

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Indonesia seeks to tap more potentialities from batik

​Indonesia observed the national batik day by conducting several events in the country, aimed at widely constituting the public to further tap great potentialities from batik-related industry that is highly expected to boost the nation's creative economy sector.

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Brexit effect yet to be felt, say academics

​The effect of the the UK's vote to leave the European Union (EU) on the British economy will not be known until the end of the year, a leading economics professor said on Wednesday at a briefing on the implications of the British exit (Brexit) from the EU.

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British statistics reveal no sign of major post-Brexit collapse in confidence

​There has been no sign of a major post-Brexit collapse in confidence in the British economy, but the picture emerging after the June 23 referendum will continue over the coming months and years, the country's Office for National Statistics (ONS) said Wednesday.

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Eight in 10 Indians back PM Modi: Poll

More than two years into his tenure, Prime Minister Narendra Modi continues to have broad support in India, despite criticism over stalled economic reforms and religious and caste tensions in the country, according to a new report by the Pew Research Centre.

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BOJ chief expresses confidence in China's economy

Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Monday that the Chinese economy will keep growing steadily, while signaling his readiness to implement existing or yet-to-be-crafted measures to expand its monetary policy here in the face of growing market concerns.

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From Washington to Hangzhou, G20 comes to right place at right time

On a chilly, wet day in early winter of 2008, leaders of the world's 20 major economies gathered at the height of the global financial crisis in downtown Washington.

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Nigeria vows to grow non-oil economy as recession bites

​ Nigeria is working hard to grow its non-oil economy as a 2.06-percent decline year on year in second quarter GDP indicates reliance on oil as the bulwark of its economy spells trouble.

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Sustainable global development calls for G20 v2.0

The world economy necessitates an upgrade of the world's premier platform of global economic governance -- the Group of 20 (G20).

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China manufacturing index highest in nearly 2 years

An official measure of manufacturing activity in China rebounded to its strongest level in nearly two years last month on improving production and demand, the government said Thursday, boding well for the world's second-largest economy.

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Ukrainian economy emerges from recession, but long-term risks persist

The Ukrainian economy has emerged from more than two years of recession after showing two consecutive quarters of growth. Yet, uncertainties still remain, posing long-term risks to a sustainable recovery.

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Reforming China a valuable inspiration for global economy

With the international economy sinking in the quicksand of the "new mediocre," the G20 summit this week may inspire dialogue on how to circumvent the worst of this present condition.

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German budget surplus fuels debate

​Solid economic growth generated a record budget surplus for Germany in the first half of this year, stoking a debate within government about whether the country should use its spare revenue to cut taxes or increase spending.

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Companies unenthused over Abe's stimulus, BOJ easing

Japanese companies overwhelmingly say the government’s latest stimulus will do little to boost the economy and the Bank of Japan should not ease further, a Reuters poll showed, a setback for policymakers’ efforts to overcome deflation and stagnation.