In this episode of China Money Podcast, Nina Xiang reviews the news on:

– China's economy is projected to grow at 8.4 percent this year by the World Bank
– China and the United Arab Emirates signed a currency swap deal to expand the usage of the RMB
– Average new home prices declined in December for the third consecutive month, but prices rose for the whole year in 2011
– China approved 14 institutions as Qualified Foreign Institutional Investors, expanding the scope of the QFII program

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