XFA Weekly Review 2016 Issue 30_Xinhua Finance Agency

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Issue		30
2016


	2016/07/17 - 2016/07/23

China on track for stable economic growth, transformation

China disclosed its mid-year economic health check, featuring indicators that the economy is in good shape and on track for stable economic growth.

China's financing reform to promote two-way flows of private capital

A recent guideline to reform the country's investment and financing system will help promote two-way flows of the private capital, said experts.

	Chinese fiscal policy more active in H2

	China’s fiscal expenditure records over 8.9 trillion yuan in the first half.


	China approves technological innovation plan to refuel growth

		The Chinese government decided to officially implement a five-year plan for technological innovation to help foster new engines for a slowing economy.

China unveils plan to boost rail network

The top economic planner issued China's latest national railway plan Wednesday, with the target to operate a 175,000 km rail network by 2025.

Half-year test: “land king” raises expectation for China’s housing price

Housing prices of the first and second tier cities have raised significantly year on year

IMF cuts 2016 global growth forecast to 3.1 pct amid Brexit uncertainty

The International Monetary Fund (IMF) on Tuesday revised down its forecast for global growth in 2016 and 2017.

China's yuan further weakens, sharp depreciation unlikely

The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely.

KPMG:Profits fall for Hong Kong banks, innovation a key focus

With Hong Kong’s banking sector feeling the pressure on revenue growth, innovation and effective cost management are key priorities.

U.S. expands challenge to China's restraints on raw material export at WTO

The United States on Tuesday expanded its challenge at the World Trade Organization (WTO) to China's export restraints on key raw materials.

Vanke lists 12 questionable points, reporting Baoneng’s violations of laws

Vanke requests the regulators to check the suspected violations of laws conducted by nine asset management plans under Baoneng.

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