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China economy grows in 2020 as rebound from virus gains

China economy grows in 2020 as rebound from virus gains

BEIJING (AP) — China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth in the...

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US to block cotton from China region targeted in crackdown

US to block cotton from China region targeted in crackdown

WASHINGTON (AP) — The U.S. government announced Wednesday that it will halt imports of cotton and tomatoes from the Uighur region of China in its most sweeping action yet to pressure the Communist Party over its campaign against ethnic minorities. Officials said Customs and Border...

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Where is Jack Ma, China's e-commerce pioneer?

Where is Jack Ma, China's e-commerce pioneer?

BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators...

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Dollar in the dumps as 2020 ends, another bumper bond year

Dollar in the dumps as 2020 ends, another bumper bond year

The dollar was set to end 2020 around 2-1/2 year lows on Thursday, allowing currencies from the euro to Chinese yuan to strengthen, while holiday-thinned euro zone bond yields were mostly steady after dropping 30-100 basis points over the year. The prospect of a brighter 2021 has lessened...

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