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President Barack Obama stressed the need to revive the economy and reform immigration and fiscal policy during a meeting on Thursday with some of the world's most powerful bankers. The White House had set the agenda for the meeting, a source familiar with the situation said, and the ongoing reform of Wall Street - a hot issue for bank lobbyists - did not appear prominently on the list of topics.
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CHINA will continue to pursue a quality economy driven more by consumption than by exports or investment to leave more leeway for economic restructuring, Premier Wen Jiabao said yesterday.

The government is eying a growth target of 7.5 percent this year, Wen told the opening session of China's top legislature, the National People's Congress.

It was the second consecutive year China had set
Experts view numbers as evidence of higher consumer confidence

China's retail sales surged to record highs over the week-long Spring Festival, as tourist attractions also reported strong visitor numbers.

According to the latest data from the Ministry of Commerce, total retail sales were 14.7 percent ahead of last year, hitting 539 billion yuan ($86 billion) from last Saturday to Friday.

CONSUMER confidence in Shanghai rose in 2012 from a year earlier on a recovering economy and better products provided in the city, a survey showed yesterday.

The Index of Consumer Sentiment rose to 70.12 last year from 68.89 in 2011, indicating more consumer confidence and better consuming experiences among local residents, according to Shanghai University of Finance and Economics.

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CHINA'S manufacturing activities expanded in October after two months of contraction, indicating a recovery in the country's economy, a survey showed today.

The official Purchasing Managers' Index, a gauge of manufacturing activity slanted more towards state-owned firms, rose to 50.2 in October, up 0.4 point from a month earlier. It's also the first time it has climbed above 50 since July, acc
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