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Tianhong Fund Management, which manages Yu'E Bao, said in an announcement that the personal investment quota had been cut from 250,000 yuan (,488) to 100,000 yuan.

Ticket fare discounts will be provided to Hong Kong students who study at universities in the mainland during the mainland's summer and winter holidays, MTR Corp's corporate commercial director, Jeny Yeung Mei-chun, said.

Though weaker, Phanfone was tracking a similar path to Super Typhoon Haiyan－the country's deadliest cyclone on record that left more than 7,300 people dead or missing in 2013.

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Though increased imports may impact certain local industries, domestic companies will be motivated to deepen structural reforms, reduce operational costs and speed up innovation, Wei said.

Through great efforts, China finally became one of the world's four countries or regions that possess large passenger aircraft, Wu said, adding that the other three are the United States, the European Union, and Russia.

Three armed suspects forced the student into a black minivan and fled from the underground parking garage. Police said that there are four suspects, including the vehicle driver in the alleged abduction.

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Three former executives of fugitive Chinese billionaire Guo Wengui were convicted of fraudulently obtaining loans and bill acceptance on Friday and two of them were sentenced, a court in Henan province said.

Three years ago, Abdurrahman Abdulla took a risk by putting 25,000 yuan (,500) - almost his entire life savings - into a brick and tile factory he started in partnership with six fellow villagers in Yecheng, a border county in the Xinjiang Uygur autonomous region.

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Throughout Wednesday's hearing, Schwarz pushed back, arguing that the case came down to one simple fact: photographs can be copyrighted and Naruto is the author.

Though it's getting more difficult to "bite a piece of the pie" from the country's online education segment, Hou told China Daily that the company has been gaining momentum as its total revenue growth is 4.5 times bigger now than that of last year.