Special Report

China National People's Congress 2016

China's leaders are attending the country's key annual policy meeting in Beijing, where expectations for the next 12 months will be set.

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  • China’s stocks rose for a fourth day, led by financial and energy companies, after Premier Li Keqiang said at the close of annual policy meetings that the government will employ “innovative measures” to keep economic growth on track.
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  • The lack of new foreign-exchange policies in Premier Li Keqiang’s annual report to legislators is prompting economists to speculate that China will probably slow efforts to increase the yuan’s global usage and focus more on keeping the currency steady.
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  • Bond traders at Chinese banks say they’ll avoid notes backed by the nation’s highest non-performing loans in a decade.
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  • The offshore yuan declined the most in two weeks after China’s central bank governor said major measures weren’t needed to boost growth even as data released over the weekend pointed to a slowing economy.
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  • China is tightening restrictions on the use of third-party payment providers to buy insurance products in Hong Kong as authorities move to stem outflows of the yuan.
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  • Chinese companies will continue buying overseas mining assets as the industry goes through structural changes and China looks to lower its dependence on resources controlled by foreign companies, He Wenbo, chairman of China Minmetals Corp., said on Sunday.
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