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The Economy

Coal hub considered for North China

Energy officials in North China's Shanxi province are considering creating a coal chemical base to turn the fossil fuel into clean energy after heavy smog blanketing the country looks set to affect the use of the raw material, officials said.

Liuzhou's car output will shift up a gear

Authorities in Liuzhou, the biggest industrial city in the Guangxi Zhuang autonomous region, have pledged to speed up the development of its ambitious automobile base, according to a senior leader of the city.

Domestic consumption will draw international firms

Multinational companies can find more business opportunities in China during the country's economic reform, when domestic consumption will lead the future of the country's economic growth, an observer said.
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Feelings are mixed over mixed-ownership model

Members of China's top political advisory body have called for detailed regulations on developing a mixed-ownership economy, aiming to ensure that private enterprises will have a say when they inject capital into State-owned enterprises.
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China readies for private banks

China will approve five private banks on a trial basis, the latest move in opening the previously-closed sector to private capital.

China becomes world's second largest agricultural insurance market

China has become the world's second largest agricultural insurance market after the United States, the country's insurance regulator said on Tuesday.
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China to free deposit rates in coming one or two years

China is very likely to ease its grip on banks' deposit rate in the coming one or two years, central bank governor Zhou Xiaochuan said on Tuesday.

Defying challenges, China's rural reforms to bring changes

As spring approaches, Yan Deyou and several hired farm workers are busy plowing his large plot of land before planting crops.

Samsung SDI plans 2 Shaanxi plants

South Korea's Samsung SDI Co Ltd plans to build two new facilities in Xi'an, capital of northwest Shaanxi province, to produce an electronic car battery and semiconductor package, the provincial governor has revealed.
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Good year-end 'to secure 7.5% growth target'

As positive economic factors are likely to emerge in the second half of this year, the 7.5 percent growth target set by the government will be met, scholars at the nation's top economic planning agency said on Sunday.
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China's 2011-2015 green investment to hit 5 trln yuan

China is expected to invest more than 5 trillion yuan (817 billion U.S. dollars) in environmental protection during the 12th Five-year Plan period (2011-2015), an environmental protection official said on Saturday.
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Market opening high on agenda

China will further improve the environment for foreign investors and expand access to service sectors, Commerce Minister Gao Hucheng said on Friday.

China's inflation up 2% in February

China's consumer price index (CPI), a main gauge of inflation, increased 2 percent year on year in February, down from 2.5 percent in January, the National Bureau of Statistics (NBS) unveiled on Sunday.
• China's February PPI down 2%

China's February PPI down 2%

China sees first trade deficit in 11 months

China reported a large trade deficit in February mainly due to distortion by the Chinese New Year holidays, marking the first deficit since April 2013, customs data showed on Saturday.
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