Xinhua world economic news summary at 0900 GMT, Nov. 9

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WELLINGTON -- The first cabinet decision of New Zealand's new Labor government made on Monday will provide a stronger support to small businesses in the country as part of its efforts to accelerate economic recovery from the COVID-19 pandemic.

"Cabinet decided today to extend the scheme, which was due to expire at the end of the year, out to 31 December 2023 and to extend the interest free period from one year to two years," said a government statement. (New Zealand-Government-Economy)

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KUALA LUMPUR -- Malaysia's natural rubber production rose 3.7 percent to 46,187 tons in September, from 44,543 tonnes in the previous month, official data showed Monday.

Malaysian Statistics Department said in a statement, if compared to the same month in the previous year, it recorded a decrease of 25.2 percent. (Malaysia-Rubber Production)

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SYDNEY -- The Australian dollar started the day higher against the greenback on Monday, following a rocky session which saw the Aussie range sideways between 72.39 U.S. cents and 72.87 U.S. cents.

At 07:00 (AEST), the Australian dollar was buying 72.75 U.S. cents, up from 72.66 U.S. cents on Friday. (Australia-Dollar Report)

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NEW YORK -- China would be an attractive investment destination in 2021 thanks to its strong economic growth, higher interest rates and bond yields as well as the expectation of stronger currency, according to investment experts.

"I'm still pretty optimistic both for China and for indeed U.S. equities in the second half of next year" once people have COVID-19 vaccines and the pandemic gets better managed, Jonathan Wilmot, founding partner and head of macro research with London-based AI Asset Management Ltd., said on Saturday. (US-China-Investment) Enditem

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