Tuesday , November 26 2024

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China to deepen financial reform, open to more foreign investment

China to deepen financial reform, open to more foreign investment

China will deepen financial reform and improve its regulatory regime to guard against risks to the economy, and further open up to foreign investment, Premier Li Keqiang said on Sunday. The government will fend off risks for high-quality property firms and reduce the burden of interest payments for local governments, …

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Nations secure UN global high seas biodiversity pact

Nations secure UN global high seas biodiversity pact

Negotiators from more than 100 countries completed a U.N. treaty to protect the high seas on Saturday, a long-awaited step that environmental groups say will help reverse marine biodiversity losses and ensure sustainable development. The legally binding pact to conserve and ensure the sustainable use of ocean biodiversity, under discussion …

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China sets modest growth target of about 5% as parliament opens

China sets modest growth target of about 5% as parliament opens

China set a modest target for economic growth this year of around 5% on Sunday as it kicked-off the annual session of its National People’s Congress (NPC), which is poised to implement the biggest government shake-up in a decade. China’s gross domestic product (GDP) grew by just 3% last year, …

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