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China's cultural industry reports falling revenue as virus hurts business

China's cultural industry reported falling revenue in the first quarter of the year as the COVID-19 epidemic hurt business activities, official data showed. The sector

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U.S. makes over $500 billion in small business loans under COVID-19

VCG The United States has made over 500 billion U.S. dollars in loans to small businesses hit hard by the coronavirus pandemic and about 145 billion U.S. dollars remains in the congressionally

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U.S. drives global growth in military spending: SIPRI

The United States drives global growth in military spending, the Stockholm International Peace Research Institute (SIPRI) said in a report on Monday. Military spending

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Japan's stimulus to boost real GDP by 4.4 percent: Economy minister

Japan's new economic stimulus package in response to the coronavirus pandemic is estimated to boost real gross domestic product by about 4.4 percent, Economy Minister Yasutoshi Nishimura said on F

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China's central SOEs report 11.8-pct fall in revenues

Revenues of China's centrally-administered state-owned enterprises (SOEs) fell 11.8 percent year on year to 6 trillion yuan (about 857.14 billion U.S. dollars) during

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China's privately offered funds top 14 trln yuan

China's privately offered funds scaled up to exceed 14.25 trillion yuan (about 2.01 trillion U.S. dollars) by the end of March, industry association data showed. The f

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China's central SOEs report 11.8% revenue drop in Q1 amid pandemic

China'scentrally-administered state-owned enterprises(SOEs) have reported revenue of 6 trillion yuan (about 847.8 billion U.S. dollars) in the first quarter of 2020, a

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Huaxia Bank 2019 profit up 5 pct

BEIJING, April 19 (Xinhua) -- Huaxia Bank, a mid-sized Chinese lender, reported steady profit growth last year.The bank raked in 21.91 billion yuan (about 3 billion U.S. dollars) in net profits attri

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Shanghai's e-commerce trading volume surges 19.1 pct in Q1

The volume of e-commerce trading in Shanghai reached 134.3 billion yuan (18.94 billion U.S. dollars) in the first quarter, up 19.1 percent compared with the same perio

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Urgent: Virus-hit Chinese economy shrinks 6.8 pct in Q1

China's gross domestic product stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year

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China's exports down 3.5 pct, imports up 2.4 pct in March

China's exports dipped 3.5 percent year on year in yuan terms in March while imports climbed 2.4 percent, official data showed Tuesday. In the first quarter, foreign t

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China's foreign trade volume in Q1 drops 6.4%

China's foreign trade volume in the first quarter of this year reached 6.57 trillion yuan (about 930 billion U.S. dollars), declining 6.4 percent year on year, the Gene

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Beijing sees booming financial sector

The assets of legal entities in Beijing's financial sector reached 148.63 trillion yuan (about 21 trillion U.S. dollars) by the end of 2018, accounting for half of the

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China to step up financial support for SMEs

China will further support the country's small and medium-sized enterprises (SMEs) to help them tide over the difficulties resulting from the COVID-19 epidemic, accord

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China's oil giant reports higher revenue, lower profits in 2019

BEIJING, March 29 (Xinhua) -- PetroChina, China's largest oil and gas producer, reported expansion in revenue in 2019, while its net profit saw a remarkable drop due to the slowing global economic gr

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Trump signs $2.2 trillion stimulus package

US President Donald Trump has signed a 2.2 trillion dollar stimulus package into law. It is designed to help people and companies affected by the spread of the coronavi

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Tokyo stocks open sharply higher after G-20 pledges 5 trillion USD

Tokyo stocks opened sharply higher Friday after the Group of 20 nations vowed to inject 5 trillion U.S. dollars to minimize the social and economic damage caused by the