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Tuesday, August 11, 2015
Lurid allegations against the head of China's Shaolin temple -- renowned as the birthplace of kung fu -- must be investigated by the government, state media said Monday, after former monks accused him of philandering and corruption.
Alibaba to take US$4.6 bil. stake in retailer Suning
Chinese Internet giant Alibaba is to pay 28.3 billion yuan (US$4.6 billion) for a near-20 percent stake in consumer electronics retailer Suning, the two companies said in a statement Monday.
The growing likelihood of a rate hike next month coupled with fears of a deepening Chinese economic slowdown are expected to weigh on Singapore shares this week.
Monday, August 10, 2015
Typhoon Soudelor killed 12 people in eastern mainland China and five are missing after parts of the country were hit by the heaviest rains in a century, state media reported Sunday.
Consumer inflation in mainland China rose to 1.6 percent in July, the government said Sunday, as downward pressure on prices eased further in the world's second-largest economy.
Chinese dragon losing its shine for foreign firms
The once irresistible allure of the Chinese market to foreign multinationals is losing some of its luster as slowing growth in the world's second-largest economy hits their sales.
Sunday, August 9, 2015
Mainland China's foreign trade performance worsened in July with both exports and imports falling on an annual basis, customs said on Saturday, spelling more worry for the world's second largest economy.
Saturday, August 8, 2015
China lawyer detained after supporting others
A mainland Chinese lawyer who spoke up on behalf of rights lawyers persecuted by authorities was himself taken away by police in handcuffs, his wife said Friday.
Chinese prosecutors will be punished if officials they are investigating for abuse of office commit suicide, authorities said, after several suspects caught up in an anti-corruption drive killed themselves.
Friday, August 7, 2015
The world's first ever ant map showing the distribution of the tiny industrious creature around the globe was launched Thursday by the University of Hong Kong in a bid to shed more light on the insect world.
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