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Accumulated Chinese investments in Armenia are about $1 million

15.12.2017 18:09

Accumulated Chinese investments in Armenia are about $1 million

YEREVAN, December 15. /ARKA/. The amount of accumulated Chinese investments in Armenia is about $1 million, deputy foreign minister Robert Harutyunyan told journalists on Friday.

"We are negotiating some programs with Chinese partners, but I can not yet disclose the details of the commercial secret. We intend to attract Chinese investments and we are very likely to announce some provisionally signed investment agreements before the end of this year," Harutyunyan said.

He said 48 companies with Chinese capital operate in Armenia, engaged largely in services and food sectors.

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China is one of Armenia’s most important investment partners, says Thies Clemenz, chief executive officer, HSBC Bank Armenia

21.12.2015 16:24

China is one of Armenia’s most important investment partners,  says Thies Clemenz, chief executive officer, HSBC Bank Armenia

China is one of Armenia’s most important investment partners, Thies Clemenz, Chief Executive Officer, HSBC Armenia, says in a study entitled ‘ Business Opportunities with “New Normal” China: Prospects for Armenia

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China’s currency will account for 10 percent of world reserves by 2025- survey

13.04.2015 20:40

China’s currency will account for 10 percent of world reserves by 2025- survey

China’s currency will account for 10 percent of world reserves by 2025 with Asian monetary authorities showing the most support, according to a survey of central banks carried out in March, vestifinance.ru reported

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Armenia and China make their first dram-yuan swap deal

25.03.2015 18:35

Armenia and China make their first dram-yuan swap deal

Armenia and China have made their first swap deal worth 77 billion drams and one billion yuans respectively, the press service of the Central Bank of Armenia said. It said an agreement to that end was signed on Wednesday

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China Gobbles Up Long-Term U.S. Debt: WSJ

20.02.2015 15:09

China Gobbles Up Long-Term U.S. Debt: WSJ

China gobbled up Treasury debt maturing in more than a year at the fastest clip on record in 2014, while shedding some very short-term debt, a Wall Street Journal analysis of the latest U.S. data show

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China’s bad loans jump by most since 2005 in third quarter

17.11.2014 16:05

China’s bad loans jump by most since 2005 in third quarter

China’s bad loans jumped by the most since 2005 in the third quarter, fueling concern that a cooling economy will be further weakened as banks limit lending to avoid credit risks, vestifinance.ru reported citing Bloomberg

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Central Banks of Russia, China discuss bypassing dollar

26.06.2014 13:26

Central Banks of Russia, China discuss bypassing dollar

Representatives of the Bank of Russia and the People’s Bank of China discussed cooperation issued during the talks in Shanghai on June 25-26, Prime reported

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China’s Postal Savings Bank Said to Plan $4 Billion IPO: Bloomberg

26.06.2014 12:51

China’s Postal Savings Bank Said to Plan $4 Billion IPO: Bloomberg

YEREVAN, June 26. /ARKA/. Postal Savings Bank of China Co., the lending arm of state-owned China Post Group Co., plans to seek more than $4 billion in an initial public offering in Hong Kong and Shanghai, people with knowledge of the matter said. The Beijing-based bank will seek to list as soon as next year, […]

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China plans to establish global financial institution

25.06.2014 18:29

China plans to establish global financial institution

China is expanding plans to establish a global financial institution to rival the World Bank and the Asian Development Bank (ADB), which Beijing fears are too influenced by the US and its allies, Prime reported citing The Financial Times

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Asian stocks mixed after weak China trade data; US jobs watched: CNBC

10.01.2014 13:16

Asian stocks mixed after weak China trade data; US jobs watched: CNBC

Asian equity markets ended mixed on Friday following a weak trade report from China and as caution prevailed ahead of the much-anticipated December U.S. jobs report

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