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But government efforts to stabilize the real currency appear to be working, albeit slowly.
June statistics showed that industrial firms registered some 588 billion yuan ($94 billion) in profits, up by 17.9 per cent year on year.
China's Trina Solar could be facing total import duties of 30 per cent and Suntech Power nearly 50 per cent.
The long-pending bill was stalled in the Indian Parliament because of opposition from several political parties, including the now-ruling BJP.
India's food subsidies are in breach of the WTO’s specified limits.
India has criticised the pact for not addressing its concerns of food security.
China has granted a $4 billion credit line to Venezuela in return for oil and other products.
HSBC said in its report on Monday that China’s economic recovery has been stronger than expected.
"We don't have the slightest interest in renouncing" the IMF, Rousseff told reporters in Brasilia.
