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Media Report
March 28 , 2016
  • The Guardian reports that China's industrial profits returned to growth in the first two months of 2016, partly due to a recovery in the property market despite an otherwise struggling economy.Profits earned by Chinese industrial firms in January and February combined rose 4.8% from a year earlier, totalling 780.7bn yuan (£84bn) in the two-month period, according to the National Bureau of Statistics (NBS).That compared with an annual fall of 4.7% in December 2015, which was the seventh straight month of decline."The recovery in property investment has helped industrial profits return to positive growth," said Zhang Wenlang, an analyst at CITIC Securities. "Looking forward, industrial profits are likely to grow this year thanks to improved household consumption, a recovery in property investment and a halt in the slump in commodity prices."

  • Reuters reports: "Japan on Monday switched on a radar station in the East China Sea, giving it a permanent intelligence gathering post close to Taiwan and a group of islands disputed by Japan and China, drawing an angry response from Beijing....China has raised concerns with its neighbors and in the West with its assertive claim to most of the South China Sea where the Philippines, Vietnam, Malaysia, Taiwan and Brunei have overlapping claims....China's defense ministry, in a statement sent to Reuters about the radar station, said the international community needed to be on high alert to Japan's military expansion."
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