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Aberdeen Asset Management Co. has trimmed its holdings of real-estate developers as surging prices in China, Hong Kong and Macau fuel concerns the property market may be overheating. |
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Chinese central bank official Yi Gang said the strength of lending in the country isn’t a cause for concern and will stabilize, indicating he doesn’t see an immediate need to pull back on economic stimulus measures. |
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Chinese Premier Wen Jiabao arrived in Pyongyang today and was greeted at the airport by North Korea’s leader Kim Jong Il, state media reported. |