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China cuts 2014 GDP growth: govt

BEIJING: China on Monday lowered last year's economic growth figure to 7.3 percent after concerns about slowing expansion caused global market havoc, but said its own stock exchanges are stabilizing following "bubbles" and painful…

Beijing admits stock bubbles, says routs almost over

BEIJING:China's central bank governor and its market regulator have admitted that there were "bubbles" on the country's stock exchanges, after a spectacular rally was followed by a painful bust, but said the turbulence was coming to an end.

Asian stocks mixed at end of a downbeat week

HONG KONG: Asian markets were mixed Friday with a record close on Wall Street unable to lift investors at the end of a disappointing week that saw Japan plunge into recession and a trumpeted Hong Kong Shanghai exchange link-up fall flat.