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China is expected to resist bad ideas, including privatization. Instead, it should drastically strengthen the role of the Communist Party in publicly owned companies, as the head of the country's state asset regulator told on Friday.
China turns to be in the middle of a reform program aimed at shaking up its debt-ridden, bloasted state sector for the purpose of creating innovative as well as globally competitive multinationals.
However, China's leaders have repeatedly emphasized that while local companies require being more competitive and responding better to the market, they’re bound to keep fulfilling their strategic objectives under the firm leadership of the country’s Communist Party.
The chairman of the State-Owned Asset Supervision and Administration Commission, Xiao Yaqing told that China shouldn’t hesitate when it comes to making state-owned companies big and extremely competitive.
In August, American home sales stood still, although inventory added for the first time for three years because the housing market kept struggling notwithstanding strength across the broader American economy…
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts.
The main focus today is on the UK retail sales, which are expected to fall by 0…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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