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Krones Reports Increase of Revenue in First Quarter of 2017
May 2, 2017Krones, the manufacturer of beverage filling and packaging technology, has said that its revenue increased 16.5% year-on-year, from €772.1m to €899.4m. This strong growth rate cannot be extrapolated to the whole year because ...
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China's Latest Five-Year Plan Could Be Its Last
Feb 24, 2017The outline for China’s 13th five-year plan isn’t exactly summer beach reading: The 65,858-character document, which lays out in broad terms how China’s leaders want the country’s economy to develop between now and ...
Tags: five-year plan, political economy
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China Retail Sales Grow 10.4 Pct in 2016
Jan 26, 2017China's retail sales of consumer goods, a key indicator of consumption, grew 10.4 percent year on year in 2016, the same as the first three quarters, official data showed Friday. Retail sales grew 9.6 percent year on year after deducting ...
Tags: consumer goods, catering industry
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China's Oct. Exports Down 3.2%, Imports up 3.2%
Nov 9, 2016China's exports growth narrowed from previous drops in October while imports accelerated growth, however weak global demand might weigh on future trade growth. Exports measured in yuan fell 3.2 percent year on year in October, a slower ...
Tags: trade surplus, exports growth
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Food Prices in China Edged Down Last Week
Oct 27, 2016Food prices in China edged down last week, on the back of cheaper vegetables and fish, with inflation running below the government target. The average price of 30 types of vegetable between Oct. 17 and 23 decreased 0.3 percent from a week ...
Tags: vegetables, fish
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Yuan Tumble Unlikely Despite Weakening
Oct 24, 2016Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...
Tags: Chinese currency, renminbi
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Ornua Opens Kerrygold Park in Ireland
Sep 20, 2016Ornua has launched Kerrygold Park, a €38m Kerrygold butter production and packing facility in Mitchelstown, Ireland. The production facility will have a capacity of up to 50,000 tonnes of butter per annum and will initially employ 65 ...
Tags: Ornua, Kerrygold Park, production facility
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China's Yuan Further Weakens
Jul 19, 2016The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
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China to Remain Global Economy Driver
Jan 13, 2016China will continue to be a driver of global economy as it has sufficient investment opportunities and internal resources, a leading Chinese economist said Tuesday. "China will continue to grow economically and continue to be the main ...
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China Stresses Reform in Revitalizing Northeast Industrial Base
Dec 31, 2015China highlights the role of reform in addressing difficulties facing the northeast region and revitalizing the old industrial base, according to a meeting presided over by President Xi Jinping. By 2020, the northeast region in China ...
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CPC Solicits Opinions on Economic Work
Dec 17, 2015The Communist Party of China (CPC) Central Committee has held a meeting to solicit opinions from non-communist persons on the country's economic work, according to a statement released on Monday. While presiding over the meeting, which ...
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China's 2016 GDP Growth Likely to Be 6.6-6.8 Pct: Think Tank
Dec 17, 2015China's annual economic growth could be between 6.6 percent and 6.8 percent next year, with employment and consumer prices remaining stable, a government think tank forecast on Wednesday. However, with growing downward pressure due to ...
Tags: economic growth, GDP
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24 out of 26 Provinces See Increase in GDP Growth
Jul 27, 2015Of 26 provinces that have released their latest economic data, 24 posted an increase in GDP growth in the second quarter, while stable growth remained a major priority for the latter half of the year, reported Shanghai Securities News. ...
Tags: GDP Growth, China Economy
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Chinese Economy Shows Positive Signs
Jul 7, 2015Multiple economic indicators in recent months suggest the Chinese economy is over the worst as pro-growth and reform measures take effect, according to the National Bureau of Statistics (NBS). "Positive changes are occurring due to ...
Tags: Chinese Economy, Positive Signs
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Chinese Government Is Struggling to Meet Its Fiscal Targets This Year
Jun 28, 2015The Chinese government is struggling to meet its fiscal targets this year, finance minister Lou Jiwei warned on Sunday, citing slowing fiscal revenue growth. The central treasury received 2.95 trillion yuan (about 475 billion U.S. ...
