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LA-based Credit Key raises $33 million for its business-to-business payments platform

Bringing the buy-now pay-later model that transformed companies like Klarna and Affirm into billion dollar businesses to small businesses across the U.S. has netted the payment and lending company Cre

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U.S. household debt rises above pre-Covid-19 levels due to mortgages

FILE PHOTO: A "For Sale By Owner" sign stands in front of a house in Fort Lauderdale, Florida, U.S. /Getty Images U.S. household debt increased in the third quarter following an increase in mo

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China's October foreign exchange reserves fell to $3.128 trillion

China's foreign exchange reserves, the world's largest, fell for a second straight month in October to $3.128 trillion from $3.143 trillion in September, data released by the People's Bank of China (

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China to achieve higher opening-up level in next five years

00:40 After making breakthroughs in the past five years, China eyes on building a new economic system of higher opening-up level and reform during its next five-year plan, according to

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China's logistics sector sees stable recovery: industry report

Shenyang East Logistics Park in Shenyang, northeast China’s Liaoning Province, China, October 19, 2020. /VCG Thanks to rebounding demands, China's logistics sector has recovered steadily by th

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Philippines' lower chamber of congress approves proposed 2021 budget to help fight COVID-19

MANILA, Oct. 16 (Xinhua) -- The House of Representatives of the Philippines on Friday approved the proposed a 4.5-trillion-peso (92-billion-U.S. dollar) national budget for 2021 to assist the country

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China's forex reserves decrease in September

CFP China's foreign exchange reserves contracted to $3.143 trillion at the end of September, down 0.7 percent from the end of August, official data showed Wednesday.China's foreign exchange ma

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S. Africa to unveil $1.8 billion infrastructure project

The South African government will unveil its first project in its 2.3 trillion-rand ($139 billion) infrastructure program. /Getty Images The South African government will unveil its first proj

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China's industrial profits up 19.1% in Aug. thanks to policy support

Profits of China's major industrial companies climbed 19.1 percent year on year to 612.8 billion yuan (about 90 billion U.S. dollars) in August, narrowing 0.5 percentage points from July and showi

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China to be added to FTSE global bond benchmark in 2021

VCG FTSE Russell will add Chinese government bonds to its flagship World Government Bond Index (WGBI) starting in 2021 and pending confirmation in March, the index provider said on Thursday.Ch

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China's new yuan loans rise in August supported by economic recovery

China's new yuan-denominated loans hit 1.28 trillion yuan (about 187.13 billion U.S. dollars) in August, a year-on-year increase of 69.4 billion yuan, showing positive signs of economic recovery,

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China adds 15 new national level e-commerce demonstration bases

VCG China added 15 national level e-commerce demonstration bases as the country's strong enough e-commerce has accelerated its developing pace during the pandemic.Chinese Vice Commerce Ministe

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UK government debt exceeds two trillion pounds for first time

The Millennium Bridge in front of St. Paul's Cathedral in London, Britain, August 1, 2020. /Xinhua Britain's public debt went above 2 trillion pounds (2.65 trillion U.S. dollars) for the first

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Spanish public debt record high in June on COVID spending

Spanish public debt rose to a record high of 1.29 trillion euros (1.53 trillion U.S. dollars) in June, mainly lifted by spending linked to the impact of the coronavirus pandemic, data from the Ban

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East China province encourages domestic sales of exports amid pandemic

East China's Jiangsu Province will boost support for the sales of goods originally produced for export in the domestic market, said a circular released by the provinci

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China's power generation up 1.9 pct in July

China's major power plants generated 680.1 billion kilowatt-hours of power in July, up 1.9 percent year on year, data showed. According to the National Bureau of Stati

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Chinese firms face U.S. delisting

04:01 Washington is piling pressure on Chinese companies listed on U.S. exchanges to comply with U.S. audit inspections or face delisting.U.S. officials say Chinese companies have been