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15.12.25 - 06:24
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China′s home prices slide further in November as authorities vow to stabilise sector (SCMP)
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Home prices in mainland China continued to decline at a rapid pace in November, posing challenges for policymakers who have vowed to stem a years-long downturn.
New home prices fell 0.4 per cent month on month on average across 70 cities, according to data from the National Bureau of Statistics (NBS) on Monday. The decline eased slightly from a 0.5 per cent fall in October, but it was among the steepest in more than a year.
Prices slipped 2.8 per cent year on year in November, compared with a......
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15.12.25 - 06:00
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Chinese mining giant CMOC pays US$1 billion for Brazilian gold mines with 8 tons of output (SCMP)
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CMOC Group, one of China's biggest miners, extended its push into precious metals with a US$1 billion deal to buy the Brazilian operations of Equinox Gold.
It will take full ownership of two Equinox entities – Leagold LatAm Holdings and Luna Gold – that control several mines or deposits in the South American nation. Equinox will receive US$900 million in cash, plus a contingent payment of as much as US$115 million one year after the deal closes, CMOC said in an exchange filing on Monday.
The......
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15.12.25 - 04:24
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Morgan Stanley′s Xing on China Data (Bloomberg)
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Chief China Economist Robin Xing explains why China must rebalance its social safety net to boost consumer spending. He speaks after China released fresh data on retail sales and home prices. (Source: Bloomberg)...
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