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China


Financial News

China's Accelerating Inflation May Spur Zhou to Raise Rates 'Within Weeks' China’s inflation probably accelerated and exports climbed in February, according to surveys of economists, increasing the likelihood of the central bank raising interest rates from a five-year low.

Baoshan Steel May Post 20-Fold Quarterly Profit Surge on Autos, CICC Says Baoshan Iron & Steel Co., China’s biggest publicly traded steelmaker, may post at least a 20-fold profit gain for its first quarter because of strong demand from automakers, China International Capital Corp. said.

Mazda Mining Phelps's Chinese Gold as Automakers Press for Brand Loyalty After 8.6 million Chinese bought their first cars last year, General Motors Co., Volkswagen AG and Ford Motor Co. are positioning themselves to compete for return customers.

Emerging-Market Stocks May Drop 15% as Growth Slows, Aberdeen's Kaloo Says Emerging-market stocks will drop as much as 15 percent this year as earnings miss estimates and global growth slows, said Devan Kaloo, who oversees $22 billion at Aberdeen Asset Management Plc.

Canon Says China May Become World's Biggest Digital Camera Market in 2015 Canon Inc. expects China’s camera market to become the world’s largest as early as 2015, overtaking the U.S., its head of the business said.

Dollar Bond Sales Surge 35% in Asia as Evergrande, KDB Tap New Investors The lowest relative borrowing costs in more than two years and demand from international investors is driving Asian companies to sell record amounts of dollar- denominated bonds.

Maanshan Steel Says Coking Coal Imports to Rise, to Sustain BHP Purchases Maanshan Iron & Steel Co., the second-biggest Chinese steelmaker listed in Hong Kong, will increase coking coal imports this year, adding to rising global demand that’s sent prices soaring.

Buy Taiwanese Stocks That Will Gain on China Ties, Island's Top Fund Says Investors should buy shares of Taiwanese companies that benefit most from the island’s closer ties with China, according to the manager of Taiwan’s best- performing equities fund.

PCCW Says Chairman Richard Li's Plans to Buy Out Phone Company Are `Dead' PCCW Ltd., linked to a police probe following a court’s ruling that a buyout bid by Chairman Richard Li had been manipulated, said investors should consider the takeover plan as “dead.”

China's Shanghai Composite Rises Before Exports, Led by Banks, Steelmakers China’s stocks rose for a fourth day, led by banks and steelmakers, on the prospect of improved earnings for Baoshan Iron & Steel Co. and financial companies.

General News

Regulator to Ensure `Every Cent' Lent by Chinese Banks Enters Real Economy China’s banking regulator will work to ensure “every cent” lent out by the nation’s financial institutions this year enters the real economy to help guard against inflation while maintaining growth, Chairman Liu Mingkang said.

Government Will Keep Chinese Economic Stimulus Policy, China Daily Reports The Chinese government will continue with its economic stimulus policies to boost growth as the global recovery remains unpredictable, the China Daily said, citing Zhu Guangyao, the country’s assistant finance minister.

Shanghai Home Prices Drop 10% in First Week of March, Securities News Says Shanghai’s average housing sale price dropped 10 percent to 18,549 yuan per square meter in the first week of March from the previous week, Shanghai Securities News reported, citing Shenzhen World Union Properties Consultancy Co.



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