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South-South cooperation important to sustain development efforts of developing countries

​South-South cooperation should be a strategy to sustain the development efforts of developing countries and enhance their participation in the global economy, an Iran senior official said on Monday.

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Strategic reforms could improve LatAm's economic outlook

​Strategic economic reforms in Latin America could help improve the region's economic prospects, according to a United Nations agency.

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China accelerates westward opening for Silk Road Economic Belt

The Alataw Pass, a remotely-located port in the Gobi desert of Xinjiang, is becoming an increasingly important trade gateway connecting China's inland cities to Central Asia and Europe.

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China to take leading role in Silk Road Economic Belt region

​China is going to take a leading role in emerging and developing countries, particularly in the Silk Road Economic Belt region, a British expert said in a recent interview with Xinhua.

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Austrian economy to remain weak in 2015, improvement in 2016: economic institutes

​While Austrian economic growth is to remain weak in 2015 with low growth expected, a growth acceleration should be seen in 2016, two leading Austrian economic institutes stated Monday.

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China central bank chief hints policy flexibility amid deflation risk

As China walks the economic tightrope of balancing steady growth, facilitating restructuring and combating deflation risks, Zhou Xiaochuan said there may be room for flexibility despite consistent championing of a prudent monetary policy.

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S. Korean economy faces sluggish domestic demand: gov't report

​The South Korean economy is facing sluggishness in domestic demand despite low headline inflation, a government economic report showed Tuesday.

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Zimbabwe economic outlook remains difficult: IMF

​The International Monetary Fund (IMF) said Monday Zimbabwe's economic outlook remains difficult with growth likely to weaken further in 2015.

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Senior Chinese leader proclaims bright economic prospects despite slowdown

Senior Chinese leader Liu Yunshan on Thursday expressed confidence in China's slowing economy despite looming downward pressure on the world's second largest economy.

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China's Silk Road offers ways to face challenges in France, Europe

​Haunted by volatile financial markets and economic woes, and challenged by security threats, France and its European partners have to join China's efforts to re-build the Silk Road, a former French prime minister said recently.

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China's reforms "quite positive" for global growth: expert

​The effects of China's reforms would be "quite positive" for global growth, John Paul Betbeze, economic adviser at Deloitte France, said Wednesday.

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More reforms expected from China's legislative sessions to bolster growth

China's upcoming annual legislative session is expected to see more reforms as economic weakening calls for renewed efforts of reviving growth engines.

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ASEAN's economic ministers call for more efforts to deepen economic integration

The economic ministers from the Association of Southeast Asian Nations (ASEAN) called for more efforts to fulfill the goal of deepening integration of the region at the end of a two-day meeting here Sunday.

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French gov't holds emergency cabinet meeting ahead economic reforms vote

French President Francois Hollande on Tuesday headed an emergency cabinet meeting ahead of parliamentary vote on a controversial economic bill likely to pass by a narrow majority.

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G20 meeting ends with 2 percent global economic growth target

​A Group of 20 (G20) finance ministers and central bank governors wrapped up their two days of meeting here Tuesday with a target of two percent of global economic growth by 2018.

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Egypt-Russia approach shows rejection of "US hegemony"

Besides their economic interests for both sides, the continuous closeness between Egypt and Russia and their growing strategic partnership indicate shared position on rejection of "U.S. hegemony."

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Economic climate in euro area brightens: Ifo

​Ifo index for the economic climate in the euro area rose to 112.7 points in the first quarter from 102.3 points in the previous quarter, the Munich-based think tank reported Thursday.