Asia News
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China’s stimulus efforts began kicking in late last year, boosting industrial production and retail sales, and helping full-year economic growth come close to the government’s target.
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Chinese stocks rebounded after the biggest loss since 2008 as the country’s economy expanded more than estimated. The dollar strengthened with U.S. and Japanese bonds, while palladium gained and oil held losses.
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Malaysia trimmed its growth forecast and said the budget deficit in 2015 will be wider than initially targeted after a slump in global oil prices curbed revenue for the crude producer.
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Traders reduced holdings of Shanghai shares purchased with borrowed money by the most since June 2013 after regulatory efforts to curb margin lending sparked the biggest stock-market selloff in six years.