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China says bad loans may rebound in 2014 but still under control

BOAO, China (Reuters) - China's banks may see their bad loans rebounding this year due to the government's efforts to reduce overcapacity in some industries, Yan Qingmin, a vice chairman of the China Banking Regulatory Commission (CBRC) said on Tuesday. Yan told reporters at the Boao forum that the average non-performing loan ratio of Chinese banks could still be kept around 1 percent at the end of 2014, as they have set aside enough provisions. (Reporting by Aileeng Wang and Kevin Yao; Editing by Clarence Fernandez)

Samsung's heir attends regional economic forum in China

BEIJING, April 8 (Yonhap) -- Samsung Electronics Co. Vice Chairman Lee Jay-yong is attending this week's regional economic forum hosted by China, a company official said Tuesday. Lee, the heir apparent to his father, Samsung Group Chairman Lee Kun-hee, is among the South Korean business leaders joining the annual forum that started in China's southern resort town of Boao earlier in the day, the official said. Chinese Premier Li Keqiang will give a keynote speech during the four-day forum.

S. Korean PM to attend regional economic forum in China

BEIJING, April 1 (Yonhap) -- South Korean Prime Minister Chung Hong-won is among world leaders who will attend next week's regional economic forum hosted by China, the Chinese foreign ministry said Tuesday. Chung, Australian Prime Minister Tony Abbott, Kazakhstani Prime Minister Serik Akhmetov, Lao Prime Minister Thongsing Thammavong and other top leaders will join the annual forum to be held in China's southern resort town of Boao from April 8-11, foreign ministry spokesman Hong Lei told reporters.

China's Xi seeks 'win-win' in ground-breaking EU visit

China's Xi Jinping made a groundbreaking first visit by a Chinese president to European Union headquarters Monday, saying closer ties between the two partners -- which represent a quarter of the world's people -- were "a win-win". After a red-carpet day with Belgium's royals and a visit to a zoo hosting a pair of pandas on loan from Beijing, Xi got down to serious business in talks that touched on the crisis in Ukraine, human rights and quarrels over trade.

China's Xi turns to panda diplomacy to seek EU trade deal

By Robin Emmott BRUSSELS (Reuters) - Chinese President Xi Jinping will use two pandas to break the ice and soften European opposition to a free-trade deal with China during a visit to Belgium which starts on Sunday. As the first Chinese leader to visit the European Union's headquarters since Brussels established ties with Beijing four decades ago, Xi will also seek to send a message that China is a less confrontational partner, ready to resolve trade disputes.

Improve leadership to fulfil potential, Nigeria told

Nigeria needs to improve the way it does business if it is to fulfil its potential to become one of the world's top economies, a leading economist said on Tuesday. Jim O'Neill, who has predicted that Nigeria could become one of the next global economic powerhouses, said the government needed to lead from the top to make doing business more efficient.

China-Africa trade surpassed $200 billion in 2013

China-Africa trade totalled more than $200 billion last year, Chinese President Xi Jinping said Thursday, highlighting the Asian powerhouse's burgeoning trade and investment ties with the continent. "In 2013, Chinese-African trade surpassed the $200 billion mark for the first time, making China Africa's biggest trading partner," Xi told visiting Senegalese President Macky Sall, adding that Chinese direct investment in Africa grew 44 percent.

Derision over China official's visa 'discrimination' claim

A top Chinese official's claim that the country's citizens are discriminated against in visa arrangements worldwide prompted widespread online derision Thursday, with posters arguing Beijing's own policies were to blame. Huang Ping, director-general of the foreign ministry's consular department, told the state-run Beijing Youth Daily that those seeking to travel abroad on Chinese passports "certainly face some inconveniences".

China says investment in Africa 'mutually beneficial'

China's foreign minister Wang Yi on Thursday promised that his country's economic growth would benefit Africa, as he met Ghana's President John Dramani Mahama in Accra. Wang, who is on a four-nation African tour, called 2014 a year of "ever-deepening reform" in China, with the target of "national rejuvenation". "The 1.3 billion people of China are working towards the modernisation of our country, something if achieved will be never-before seen in the history of mankind," he said.

Roundup: China evinces confidence to escape middle-income trap

BEIJING, Dec. 10 (Xinhua) -- The middle-income trap, a term coined by economists, has penetrated into every aspect of policymaking concerning world economic growth, and is frequently discussed when it comes to the developing world. Since China's per capita GDP topped 3,000 U.S. dollars in 2008, there have been continuous debates internationally over the possibility of the country's slip into the trap like many other developing nations. On the issue, recently the new Chinese leadership gave a firm answer.
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