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AIIB's launch a milestone in global governance reform, to bridge Asia's infrastructure gap

The China-initiated Asian Infrastructure Investment Bank (AIIB) was formally established Friday, marking a milestone in the reform of the global economic governance system as well as in the infrastructure development in the Asia-Pacific region.

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Russia to impose food embargo on Ukraine from 2016

Moscow is about to toughen economic restrictions against Ukraine by banning food imports from the neighbor starting from next year, when Kiev's free trade regime with the European Union (EU) becomes effective.

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China's FTAs with S.Korea, Australia tremendous boon

​China's free trade agreements (FTAs) with South Korea and Australia officially came into force on Sunday, marking a tremendous boon for the three countries.

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Trapped in debt, refugee crises in 2015, will Greece have another volatile year?

In the final stretch of a turbulent year trapped in acute double crises, the five-year debt issue and the escalating refugee crisis as of early 2015, more hard work seems to be awaiting Greece in 2016.

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Cuba, U.S. meet for first time on mutual compensations

​Cuba and the United States on Tuesday held their first talks to discuss mutual compensations for Cuba's nationalization of American assets and the damages derived from the U.S. economic blockade on the island.

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China takes over G20 presidency on Dec.1

China will host the 2016 Group of Twenty (G20) summit in the eastern city of Hangzhou from Sept. 4 to 5, and formally take over the presidency of G20 on Dec. 1, 2015.

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Strengthening the legal system and striving to successfully realise socio-economic development tasks

The 10th session of the 13th National Assembly wrapped up on November 27 after over one month of work in a serious and responsible manner. The NA successfully fulfilled the entire agenda, including a significant volume of important content. Legislators reached consensus and commented on the country’s situation as well as its socio-economic performance over the past years, while promulgating new laws and making decisions on many other important issues.

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Media cooperation to inject fresh vigor, vitality into BRICS development

Leaders of 25 media organizations from BRICS countries are to gather here for an unprecedented event dedicated to promoting media cooperation within the BRICS framework, which will inject new vigor and vitality into common development of the five-member bloc.

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Premier's blueprint for Chinese economy emphasizes reforms

Chinese Premier Li Keqiang's recently published article on China's reform drive and international cooperation shows the country's pragmatism and determination, and charts a new and unprecedented blueprint that will also benefit world economic growth.

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Xi's APEC remarks herald better future of regional common development

​Against the backdrop of fragile global recovery and potential challenges facing Asia-Pacific development, Chinese President Xi Jinping on Wednesday expounded on his suggestion for regional growth and expressed confidence in China's economy.

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G20 leaders pledge further actions to boost economic recovery

​The Group of 20 (G20) leaders urged in a communique here on Monday on further collective actions to achieve strong, sustainable and balanced growth that is inclusive and creating more and better quality jobs.

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Xi says Chinese economy predicted to grow about 7 pct this year

President Xi Jinping said Sunday that the Chinese economy is predicted to grow about 7 percent this year, which will continue to contribute as high as about one third to the global growth.

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Chinese president proposes innovation, open economy for boosting global growth

Chinese President Xi Jinping on Sunday proposed strengthened coordination on macroeconomic policy, innovation-driven development and an open world economy as prescriptions for boosting global growth.

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Japan to seek closer economic ties with China, S. Korea through reaching FTA

​Japanese Prime Minister Shinzo Abe said he wanted to strengthen economic ties with China and South Korea through the realization of a free trade agreement (FTA), before departing on Friday for a number of economic and regional summits.

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Sino-Australian FTA will deliver "significant" economic benefit: opposition

​The China-Australia Free Trade Agreement (ChAFTA) has the potential to deliver "significant economic benefit" to Australia, according to Shadow Trade Minister Penny Wong on Friday.

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China's 13th Five-Year Plan to benefit world -- overseas experts

​China's 13th Five-Year Plan (2016-2020) on National Economic and Social Development will not only meet its own development demand, but also have a positive impact on the rest of the world, overseas experts have said.

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China prioritizes quality, efficient development in five-year plan

China will prioritize quality and efficient development in the next five years starting 2016, according to a communique released on Thursday following a four-day key meeting of the Communist Party of China (CPC).