XFA Weekly Review 2016 Issue 6_Xinhua Finance Agency

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Issue		6
2016


	2016/01/31 - 2016/02/06

China can manage growth transition without hard landing: IMF chief

China's economy is going through a transition to a slower and more sustainable growth, and the IMF does not expect a hard landing in its economy.

China vows better platforms for entrepreneurship and innovation

China will establish bases for mass entrepreneurship and innovation while develop makerspaces to foster growth.

	Manufacturing activity slows, growth expected to stabilize

	China's manufacturing activity contracted for the sixth straight month in January.


	China spends more on R D than EU for first time in 2014: OECD

		The OECD announced China had spent more on research and development in absolute terms than the European Union (EU) for the first time in 2014.

Commentary: No reason to expect sharp depreciation of Chinese yuan

The Chinese currency Renminbi is expected to keep stable with the support of the Chinese economy and intervention of China's central bank.

21 Chinese provinces aim to build FTZs

As many as 21 Chinese provinces have came up with plans on building free trade zones (FTZ) in their governmental work reports.

China focus: Developers resorting to more ploys to de-stock

As unsold homes mount up, Chinese developers have lost their appetite for land and have become focused on getting rid of inventory.

Online P2P lender suspected of $US 7.6 billion fraud

0nline peer-to-peer broker Ezubao cheated about 900,000 investors out of more than 50 billion yuan (7.6 billion U.S. dollars).、

S P downgrades BHP Billiton credit rating, puts Rio Tinto on negative watch

Standard Poor's has warned diversified miner BHP Billiton on its progressive dividend policy.

Japan's monetary base hits record high in Jan on continued easing measures

Japan's monetary base hit a record high at the end of January, standing at 358.76 trillion yen , an increase of 28.8 percent from a year earlier.

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