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China's Li says to push ahead with financial market reform: state TV BEIJING: Chin has fended off systemic risks in its financial markets and will continue to push ahead with market reform, China's Premier Li Keqiang was reported as saying by state television on Thursday.During a visit to the Shanghai branch of the People's Bank of China, Li said that China will further open its capital markets both to inbound and outbound investors, according to China Central Television.Li also said that China will step up efforts to prevent illegal cross-border capital flows.Beijing will seek further improvements in the country's insurance sector as well as the development of multi-tiered capital markets, the state broadcaster reported.Copyright Reuters, 2015 ...

Suu Kyi says Myanmar cabinet to include ethnic groups, other parties YANGON: Myanmar's new cabinet will include members of other political parties and representatives of ethnic minorities, the leader of the National League for Democracy (NLD) Aung San Suu Kyi said on Thursday, stressing the need for national reconciliation.The NLD won a majority in both houses of Myanmar's parliament and also faired better than expected against ethnic political parties in regional legislatures.But Nobel laureate Suu Kyi has emphasised that the first democratically elected government in more ...
India's sales tax should be below 20pc: Congress party NEW DELHI: A proposed new Indian sales tax should be set at a rate of less than 20 percent, the opposition Congress party said on Thursday, signalling willingness to compromise as long as the government takes into account its concerns.The comments by senior Congress leader Anand Sharma came as parliament opened its winter session, with a proposed goods and services tax (GST) topping the to-do list of Prime Minister Narendra Modi's nationalist government.Congress first proposed ...
Support for lower Indian GST rate gaining traction NEW DELHI: The idea of setting a relatively low rate for a new Indian sales tax seemed to be gaining traction on Wednesday, as politicians of all stripes met to debate what would be the country's biggest tax reform since independence.The proposed goods and services tax, or GST, will top the order of business at what is expected to be a rowdy winter session of parliament starting on Thursday.Prime Minister Narendra Modi joined the all-party ...
Rousseff waives visa requirement for Olympics despite security fears SAO PAULO: Brazilian President Dilma Rousseff has agreed to suspend visa requirements for foreigners during the 2016 Olympic games in Rio de Janeiro, Brazil's official gazette reported on Wednesday, despite heightened security fears after the Paris attacks.The government hopes the move will encourage tourism and help revive Brazil's sluggish economy, which is expected to stay in recession for a second year in 2016.Foreigners who arrive between June and Sept. 18 will be able to stay ...
China proposes firm to fund projects in Europe SHANGHAI: China is proposing a financial firm to fund projects in central and eastern Europe, Premier Li Keqiang said Tuesday, extending the Asian giant's global reach as it flexes its economic muscles.Beijing scored a major diplomatic success earlier this year when it set up the Asian Infrastructure Investment Bank, with key European countries signing up over objections from Washington.Shanghai is also home to a new multilateral bank dedicated to the emerging BRICS countries of Brazil, ...
China seeks to deepen ties with global accounting rules LONDON: China will look at how its international companies could make greater use of cross-border accounting rules to better inform investors, the Chinese authorities and a global accounting body said on Tuesday.The London-based International Accounting Standards Board (IASB) and the Chinese Ministry of Finance said they had created a working group to build on a decade-old cooperation agreement.The earlier agreement led to China moving its book-keeping rules substantially in line with the IASB's, used in ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln