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Monthly Archives: June 2015

Small investors banking on new range of options

Online wealth funds and stocks prove popular despite the turbulence buffeting major markets Small investors have poured into China’s stock markets and moved away from low interest savings accounts at traditional banks. Their cash has mingled with the millions of dollars pumped in by major domestic players and foreign private...
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How makerspaces are nurturing the next wave of Chinese innovators

Shen Mengmin, 33, a former excavator salesman from Central China’s Henan province, came to Beijing in 2013 hoping to create an app that links second-hand excavators with buyers online. He turned to Garage Cafe, or “Cheku Cafe” in Chinese, one of the most active incubators for grassroot innovators in the...
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Disney bans selfie sticks at theme parks over safety concerns

ORLANDO, Fla – Walt Disney Co will ban selfie sticks starting next week at its theme parks around the world, the company said on Friday, joining a growing list of attractions that restrict the camera accessories for safety reasons. Beginning Tuesday, the company will not allow selfie sticks – extension...
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China under pressure to meet fiscal revenue budget target

BEIJING – The Chinese government is under high pressure to meet its budget target for central fiscal revenue this year, finance minister Lou Jiwei warned on Sunday, citing slowing fiscal revenue growth. The central treasury received 2.95 trillion yuan (about $475 billion) from January to May, a year-on-year growth of...
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Greece imposes capital controls, banks to remain shut

ATHENS, Greece – Greece’s five-year financial crisis took its most dramatic turn to date Sunday, with the prime minister announcing Greek banks would remain shut indefinitely and restrictions would be imposed on cash withdrawals. The decision came on the recommendation of the Bank of Greece, Prime Minister Alexis Tsipras said...
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Лукарски с идея: Вътрешни избори в РБ, където структурите не излъчат единна кандидатура

  Когато местните структури на Реформаторския блок не могат да стигнат до единен кандидат, да бъдат провеждани вътрешни избори – това ще предложи на партньорите от Блока председателят на СДС и министър на икономиката Божидар Лукарски, съобщават от партийния пресцентър. „Вътрешните избори са най-демократичния начин да бъде избрана най-изявената личност“,...
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Лукарски с идея: Вътрешни избори в РБ, където структурите не излъчат единна кандидатура

Когато местните структури на Реформаторския блок не могат да стигнат до единен кандидат, да бъдат провеждани вътрешни избори – това ще предложи на партньорите от Блока председателят на СДС и министър на икономиката Божидар Лукарски, съобщават от партийния пресцентър. „Вътрешните избори са най-демократичния начин да бъде избрана най-изявената личност“, каза...
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Lawyer in student poison case hands in 7 petitions

The new lawyer for Lin Senhao, a former university student who was convicted of killing his roommate with poison, handed seven petitions to the nation’s highest court on Thursday after the court started reviewing his death sentence. The petitions included requests for holding public hearings during the death sentence review,...
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Jack Ma buys $23 million property in New York

Jack Ma, founder and executive chairman of e-commerce behemoth Alibaba Group, has bought a 28,100-acre property in New York’s Adirondacks for $23 million for conservation purposes, reported the Wall Street Journal. The estate, known as Brandon Park, includes more than 9 miles of the St. Regis River, as well as...
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Audit finds 25% of lottery funds were used illegally

A quarter of China’s lottery funds have been misappropriated, according to the country’s first large-scale audit of the industry, which has called for a prompt cleanup. A total of 16.9 billion yuan ($2.72 billion) in lottery funds were used illegally, the National Audit Office said on Thursday. This represented more...
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