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Growth of investment in real estate development shows that developers remain upbeat about future sales, said Liu Dongliang, an economist of the China Merchants Bank. "Bolstered by strong real estate investment growth, fixed-asset investment will not slump as some have worried about."

Globally, following a positive final quarter of 2019 and a very promising start to 2020, the personal luxury goods industry was hit hard by the coronavirus crisis, consequent national lockdowns and air traffic restrictions, with a negative impact witnessed across all product categories and all markets for the current year, said the report.

Green card-for-investment program faces steep increases; Chinese most affected

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Government reinforces intention to cooperate with big-name industry players

Google Cloud Next, originally scheduled for April, was postponed and changed to a nine-week virtual event starting next month, due to the COVID-19 pandemic.

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Gold demand worldwide dropped 6 percent year-on-year to almost 1,960 metric tons, the lowest level since 2009, according to the World Gold Council.

Growth projections for the Euro area and Japan in 2018 have both been raised 0.5 percentage point to 2.4 percent and 1.2 percent, respectively.

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Group links corporate governance to more foreign investments and listing in London

Gong is just one among the growing groups of young consumers with increasing spending power in China, which explains the big success of Taiwan singer-songwriter Jay Chou's newly released digital album.