China News
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China’s inflation unexpectedly accelerated in January on the boost to spending from a weeklong holiday, limiting the room for monetary easing as Europe’s debt crisis damps exports and the property market cools.
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Most Chinese stocks climbed as investors bought shares of companies whose earnings benefit from rising prices and an easing cash crunch spurred gains for small companies.
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China’s benchmark money-market rate fell, snapping a three-day advance, as a trader said the central bank will skip bill sales today. The one-year swap rate rose for a fourth day after inflation unexpectedly accelerated.
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Lenovo Group Ltd. and other computer makers settled a lawsuit brought by a California software maker who had claimed the Green Dam software installed on personal computers in China infringes its copyright.
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