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      China's yuan heads for global currency status

      China's yuan heads for global currency status

      The founding of the first renminbi (RMB) clearing bank in the United States and the yuan's imminent formal inclusion in an elite reserve currency basket are the RMB's latest victories on the way to becoming a global currency.

      Trade

      China's foreign trade remains under pressure: MOC

      China's foreign trade remains under pressure: MOC

      China's foreign trade remains under considerable pressure as uncertainties mount, the Ministry of Commerce (MOC) said Tuesday, describing the current situation as "complicated and severe."

      Companies

      Industry

      China approves merger of major steelmakers

      China approves merger of major steelmakers

      The merger of China's two major steelmakers, Baosteel Group and Wuhan Iron and Steel Group, has been approved by the State Council.

      Property frenzy unlikely to trigger bubble burst

      Property frenzy unlikely to trigger bubble burst

      After months of rapid home-price growth in some Chinese cities, concerns have been raised about the risks this will bring about.

      China considers making mining rules closer to int'l standards

      China considers making mining rules closer to int'l standards

      China is considering changes to its mineral deposit classification and reporting rules to bring them in line with international standards and open up its mining sector, government officials have said.

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