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Roach's key argument is that huge US government borrowing is driving the consolidated US savings rate down to unprecedentedly low levels－below 2 percent of GDP. In this situation, the only way to fund investment and government spending in the US will be to sharply increase borrowing from foreign sources－largely China or Japan. But, would China or Japan really be willing to invest more in dangerously over-valued dollar assets?

Riot police used tear gas and water cannons on Tuesday to break up marches by rock-throwing demonstrators in several parts of Santiago, while soldiers and police guarded other Chileans who formed long lines at supermarkets.

Retail stocks continued decline. Macy's fell 7.62 percent. Kohl's was down 8.18 percent. Home Depot was off 2.24 percent. But Target was down only 0.56 percent.

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Rising Chinese woman golfer Sui Xiang is in the limelight now not only for her skills but also her pretty face. And she made quite a splash at last year's Kumho Tire Ladies Open in Weihai, in Shandong province.

Roughly 800,000 federal workers did not receive paychecks that would have gone out on Friday. Some have resorted to selling their possessions or posting appeals on online fundraising sites to help pay their bills.

Right after the earthquake, China had pledged to help Nepal with post-disaster reconstruction in five areas - infrastructure, livelihood recovery in hilly regions, cultural heritage renovation, capacity building of disaster prevention and health.

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Reviewing the progress made so far, Li said that "the support policies introduced earlier are adequate. In other words, our policy response is appropriate in its intensity and prompt in timing.

Ruan Zongze, vice-president of the China Institute of International Studies, said Moon’s trip marks a recovery in ties between the two countries, which is needed to create a dialogue that could lead to a resolution of the peninsula’s nuclear issue. However, it also will take time to see whether the ROK will honor its pledges concerning the deployment of THAAD, he added.

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Revenue grew to 237.76 billion yuan for last year, up 56 percent compared with 2016. Operating profit grew 61 percent while operating margin was 38 percent, up one percentage point from the previous year. Free cash flow grew 70 percent.

Retail investors are increasingly choosing passive investing, preferring options like index funds that track global equity indexes over individual stocks, for yields from long-term growth of a market or a sector.