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· Beijing's main scenic spots receive lots of tourists    · S.Korea's non-performing loans hit 15-year high in 2015    · Australian company bottles air for Chinese consumers    · Cambodian court charges 5 human rights defenders, 1 UN officer with bribing witness    · Transportation sees travel peak as May Day holidays end    · 4 killed in crude bomb blast in eastern India    · Interview: Confucius Institutes help Latin Americans learn Chinese language, culture: educator    · S.Korea expects DPRK's nuke test around party convention    · China's credit surge augurs no restart of massive stimulus    · Strong under-land quake hits Lampung in western Indonesia   
Alibaba financial affiliate raises record $4.5b The internet financial services affiliate of Alibaba Group Holding Ltd announced on Tuesday that it has raised a record $4.5 billion in a new round of funding.
Wealthy Chinese turn to high-profile art purchases as investments Wealthy Chinese turn to high-profile art purchases as investments
China has replaced all business tax with value-added tax (VAT) after extending the policy to cover the construction, real estate, finance and consumer services sectors on Sunday.
Some 12.9 million train trips were made in China on Saturday, the first day of the three-day May Day holiday, exceeding the daily record set during the same period last year.
Data showing an increase in loans has fanned speculation that the government may turn to a massive stimulous program, a move that would pose a risk to global financial market.
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