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China's apparent oil demand* in October rose by a strong 11.8% from a year ago to 37.88 million metric tons (mt), or an average of 8.95 million barrels per day (b/d), according to a just-released Platts analysis of official data from the People's Republic of China.
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Japan should do more to fight climate change and protect biodiversity, according to a new OECD review of its environment. Tackling these two problems would improve the environment and help boost long-term growth.
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The Conference Board Leading Economic Index® (LEI) for China increased 0.6 percent, and The Conference Board Coincident Economic Index® (CEI) increased 0.7 percent in September.
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The Conference Board Leading Economic Index® (LEI) for Korea increased 0.8 percent while The Conference Board Coincident Economic Index®(CEI) for Korea declined 0.1 percent in September.
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In October, the total value added of the industrial enterprises above designated size was up 13.1 percent year-on-year, or 0.2 percentage point lower than that in September 2010. In the first ten months of this year, it was up 16.1 percent year-on-year, which was down by 0.2 percentage point over that in the first nine months of 2010.
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From January to October, the total investment in real estate development was 3,807 billion yuan, up by 36.5% year-on-year. Of which, investment in commercial residential buildings reached 2,668.3 billion yuan, 33.8% of increase year-on-year, which occupied 70.1% of the investment in real estate development.
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The Conference Board Leading Economic Index® (LEI) for Japan decreased 0.3 percent, while The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent in September.
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Asia must be creative in finding ways to tap its multi-trillion dollar savings and to mobilize private sector support for new infrastructure needed to sustain growth in the coming years, said Asian Development Bank (ADB) President Haruhiko Kuroda.
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Industrial profits in 24 regions realized 2493.7 billion yuan from January to September, increased 53.5 percent, year-on-year, narrowed 2.8 percentage points over the past eight months.
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China suppliers believe the yuan's appreciation will affect exports negatively, if the currency appreciates by at least two percent against the US dollar, according to a survey of 239 exporters by Global Sources.
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