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China Approves 12th Five-Year Plan for Western Regions

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By Julia Gu Feb. 27 – China’s State Council announced last week that it has approved the 12th Five-Year Plan for Further Promoting the Economy of the Western Regions (“the Plan”), a step that is aimed at narrowing the gap between the country’s wealthy coastal provinces and its under-developed western regions. Specifically, the Plan will […]

China’s Pan Asia Gold Exchange: A New Playing Field for Speculators?

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In an age when the assets of insolvent Western economies are becoming less reliable and international investors appreciate gold as a safe haven, the Chinese know it is time for them to play a larger role in the global gold market. The Pan Asia Gold Exchange – opened earlier this year allowing gold trade in China’s own local currency RMB – may make China the new epicenter of the global gold market and even trigger a bigger wave of speculative gold buying and selling.

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