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CDT Money: More Signs of a Slowdown

Despite suggestions last week that the yuan exchange rate had reached equilibrium and hints of possible liberalization in its trading range, officials at the People’s Bank of China set the yuan’s U.S. dollar...

Xi’s the One, but Hu’s Replacing Wen?

At Foreign Policy, Damien Ma considers a possible upset to Li Keqiang’s succession to the position of Premier next year, as a rival candidate emerges. That contender is Vice Premier Wang Qishan, a face most familiar to...

China Construction Bank Opens First Branch in US

From china.org.cn: China Construction Bank Corporation (CCB), the world’s second largest bank by market value, opened its New York branch on Friday. The New York branch, CCB’s first branch in the United States,...

Chinese Banks Report Leap in Profits

From the Financial Times: China’s three largest banks reported huge profit jumps in the first quarter in what may mark a peak in earnings this year as government measures to curb loan growth and tackle inflation start to bite....

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