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Renault to form JV with Brilliance in China

Renault SA (RNO.FR) said Friday that it has signed a contract with Brilliance China Automotive Holdings Ltd. 1114.HK to form a joint venture to manufacture and sell light commercial vehicles. The French car maker said the vehicles would be sold under the Jinbei, Renault and Huasong brands with ...

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China foreign direct investment up 90.7% in Nov.

BEIJING--Foreign direct investment in China surged 90.7% from a year earlier in November to 124.9 billion yuan ($18.9 billion), the Ministry of Commerce said in a statement Thursday. FDI was more than double October's 60.12 billion yuan, which was 5% higher from a year earlier. China attracted ...

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China's housing sales rebound in November

BEIJING -- China's housing sales rebounded in November after a brief slowdown. Housing sales by value in November rose 12.4% from a year earlier, according to calculations made by The Wall Street Journal based on National Bureau of Statistics data released Thursday. That compared with a 3.4% ...

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China Nov. industrial output rises 6.1% on year

BEIJING--Growth in China's industrial output decelerated for a second straight month in November as Beijing continued efforts to curb pollution and cut back on fiscal spending. Value-added industrial output, a rough proxy for economic growth, rose 6.1% in November from a year earlier, compared ...

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JD.com stock rises after Stifel resumes coverage with a buy

Shares of JD.com rose 1% in premarket trading Wednesday after analysts at Stifel resumed coverage of the stock with a buy rating. In a note entitled "one big market, two big winners," the analysts, led by Scott Devitt, argued that there's room for both JD.com and Alibaba Group Holding to ...

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Amazon opens second cloud-computing center in China

China is the only country outside the U.S. in which Amazon operates two such centersAmazon.com Inc. opened a second cloud-computing data-center complex in China on Tuesday, underlining the importance of the market to its cloud-computing unit, Amazon Web Services.

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German engineering revs up, juiced by China demand

FRANKFURT--Germany's engineering sector is humming with turnover likely to hit a record high this year due to strong Chinese orders, Germany's VMDA industry group said Tuesday. "Plants and machinery Made-in-Germany remain in demand, globally," said Carl Martin Welcker, the president of the VDMA, ...

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Chinese banks surprise with a step-up in lending

BEIJING--Chinese banks issued 1.12 trillion yuan ($169.3 billion) of new yuan loans in November, up from 663.2 billion yuan in October and above economists' expectations, data from the People's Bank of China showed on Monday.

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