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Euro fell against the dollar on euro zone government

Euro zone economic growth is steadily picking up pace and the risks to the survival of the single currency are receding after pro-euro centrist Emmanuel Macron won the first round of France’s presidential vote. Traders argued that Draghi’s comments were more cautious than they had expected and the euro EUR= …

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China’s new economic zone higher the country’s economic growth

China on Saturday approved a new special economic zone, described as “a thousand year project”, in the heavily polluted province of Hebei, to focus on building clusters of high-tech and innovative businesses and take over some “non-capital functions” from Beijing. ($1 = 6.8886 Chinese yuan renminbi) SHANGHAI: Chinese stocks rose …

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China has establishing special economic zone near Beijing

China is establishing a new special economic zone in Hebei, a northern province that has been hit by massive job layoffs, in an effort to boost domestic growth. China has a long history of establishing special economic zones — with varying degrees of success. Another goal with the Hebei zone …

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