China issues a white paper

Note: This section contains information in English only.
Source: China.org.cn

The China's government issued 1st white paper outlining the country's success in stimulating foreign trade and China's  positive contribution into the global trade. Country foreign trade has made a significant progress during the last years. Trade volume grew at the annualized rate of 16.8% from 1978 when the country opened barriers to foreign trade. The value of trade approached 2.97 trillion USD in 2010, according to the State Council Information Office.

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Wed, 07 Dec 2011 08:08:47 GMT

Australian economy expands in 3rd quarter

Australia's economy soared the 3rd quarter boosted by a rapid expansion in mining business. Gross domestic product gained 1% compared with 0.8% increase previously predicted by economists, said Australian Bureau of Statistics on Wednesday. Growth in GDP reflects rapid escalation of mining investment and robust household consumption, though outweighed by declining public demand. 

Wed, 07 Dec 2011 08:07:18 GMT

Asian stocks climb back

Asian stocks edged up on Wednesday as investor optimism on forthcoming European summmit returned. Shanghai Composite Index gained 0.2%, Hong Kong's Hang Seng Index added 0.9% and South Korean Kospi suged 0.5%. Australian S&P/ASX 200 index rose 0.7% while Japanese Nikkei Stock Average jumped 1.5%. Markets remain positive ahead of European meeting on December 9, said BNP Paribas strategists.

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