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    China's top bank raided in Spain over money laundering

    Five employees of China's biggest bank have been arrested in Spain on suspicion of laundering money across Europe. Police made the arrests Wednesday after raiding the offices of the Industrial and Commercial Bank of China in Madrid. One of those detained was the director of the bank in Spain, a...
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    China 2015 GDP released: 67.67 trillion RMB, grows 6.9%

    That is 10.86 trillion USD with a GDP per capital 7923 USD.
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    South Korean President Park calls on Beijing to take strong punitive actions against Pyongyang after

    SEOUL—Soon after North Korea detonated a nuclear bomb last week, South Korea’s defense minister sought an emergency call with his Chinese counterpart. A hotline had recently been created as part of an array of new agreements by Seoul and Beijing to increase their links. But the call request...
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    1% of Chinese Own One-Third of National Wealth

    About one percent of Chinese households own one-third of the nation's wealth, raising concerns about income inequality in the world's most populous country, according to a study by Peking University. Chinese households on average had a net worth of 439,000 yuan (about 71,000 US dollars) in...
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