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Monthly Archives: July 2015

China top leadership pledges more targeted policies to support growth

BEIJING – China’s top leadership on Thursday pledged targeted policies to combat the “relatively big” downward pressure on the economy. “China will continue to keep the continuity and stability of macro-policies… to maintain economic operations within a reasonable range,” said a statement released after a meeting of the Political Bureau...
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A Chinese legend in a Hollywood way

In recent weeks, Chinese animation fans have been stunned by the the new movie “Monkey King: Hero is Back”, based on the legendary Ming Dynasty (1368-1644) novel Journey to the West. Although the screening rate of this movie in Chinese cinemas is only 9.17 percent on average when it debuted,...
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Chinese named in test-taking scam deported from US

PITTSBURGH – A federal judge in Pennsylvania on Wednesday ordered a Chinese national to be deported for his role in a testing scam in which clients paid imposters to take standardized tests to win admission to elite US universities. Biyuan Li, 25, who lived in Boston and had pleaded guilty...
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Chinese tea aims to go global on Belt and Road Initiative

“One Belt, One Road” is a rare opportunity to turn Chinese tea consumption into a global phenomenon. That is the dream of the country’s tea companies – still largely unknown to the world. They are ready to grab a piece of the action in an anticipated market boom. “The Belt...
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Heading in a new direction

Private capital allowed to construct, operate railways, freight services China will fully open its railway sector to private investment, the nation’s top economic planner said on Thursday, as part of the government’s efforts to boost the slowing economy. Private capital will be encouraged to participate in the construction and operation...
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Baidu to buy back shares worth $1b

Disappointing second-quarter results, share price plunge trigger move by search engine Baidu Inc, China’s largest Internet search provider, said on Thursday that it will buy back shares worth $1 billion after the company’s stock price plunged following a disappointing financial report. The New York-listed Baidu said in a statement that...
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Once highest-flying Baofeng stock dives amid rout

Baofeng Technology Co, whose 45-times rally lured dozens of US-traded peers to reconsider home listing, has lost more than half of its market value since its peak amid the rout. The stock, which made its debut on March 24 with an offer price of 7.14 yuan, was trading as high...
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China’s future megalopolis gathers momentum as young people return

More young people are starting to choose cities around Beijing as their base for work and living as the integrated development of the Beijing-Tianjin-Hebei region provides new opportunities, Beijing Youth Daily reported. A post-1980s entrepreneur, surnamed Wei, has opened an innovative education institute at a business incubator in an economic-technical...
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Microsoft hopes Windows 10 will unlock the gates

Microsoft Corp introduced Windows 10 on Wednesday, hoping the latest addition to its 30-year-old operating system family will catapult it from a losing position to the top slot in the mobility software market. The latest version of its operating system is a mixture of similarity and freshness. For starters, it...
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