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Chinese women face deportation over US college exam scam

Three women from China have agreed to plead guilty to cheating on entrance exams to American universities and colleges and are likely to be deported home, according to court papers. Cheng Xiaomeng, who prosecutors said gained admission to Arizona State University through the exam scam, pleaded ...

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1,228 nabbed in Chinese police raids on US$54m pyramid scheme

More than 1,200 people have been arrested on suspicion of having links to a 360 million yuan (US$54.5 million) pyramid scheme in southern China, state media reported. More than 2,100 armed police and local government officials took part in coordinated raids on 300 properties in 27 residential ...

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Beijing may loosen capital controls as yuan hits 14-month high

Both onshore and offshore yuan rose to the highest level in 14 months, which analysts said may herald a loosening of capital controls in the coming months. Onshore yuan rose 0.19 per cent to 6.5838 against the US dollar on Wednesday, marking the highest level since June 24, 2016. Offshore yuan ...

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Sinopec Oilfield Service expects to swing back to profit next year

Sinopec Oilfield Service, the drilling and engineering services supplier of sister firm China Petroleum & Chemical (Sinopec), has vowed to return to profit after posting its third interim loss. The company said it aims to swing back into the black by taking up more work from Sinopec and overseas ...

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Rural life live-stream an online hit for young Chinese farmer

A young farmer in a poor area of southwest China has attracted nearly 100,000 followers on the internet by live-streaming parts of his daily life, including feeding the chickens and doing the cooking, according to a newspaper report. The web broadcasts have also earned Liu Jinyin more than ...

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How illegal mining took its toll on a Chinese nature reserve

Parts of Sanjiangyuan National Nature Reserve in Qinghai, west China, have reportedly been devastated by illegal mining. A visit to the area by a reporter for The Beijing News earlier this month found evidence of large-scale environmental damage to the scenic area on the Tibetan Plateau, which ...

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Theme park operator China Travel sees 39pc profit rise

A Hong Kong-listed company focused particularly on hotel and leisure industry investment in mainland China has reported a robust 39 per cent rise in net half-time profit, driven by rising numbers of tourists visiting its properties and theme parks. China Travel International Investment Hong Kong ...

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Hong Kong stocks advance, lifted by gains in property developers

Hong Kong stocks rebounded on Wednesday, led by Chinese financials ahead of earnings results due later in the day, while Shimao Property and Evergrande also surged. Overnight gains in US equities appeared to suggest fears over North Korea had eased. The Hang Seng Index gained 0.8 per cent by ...

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China allows rural land for rental housing to stabilise home prices

In a pilot scheme introduced to 13 Chinese big cities, farmers will for the first time be allowed to develop their collectively-owned land into residential properties for leasing, in another government move to stabilise housing prices and bolster the rental market. The pilot scheme, announced on ...

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Legco issues final notice for payment from disqualified duo

The Legislative Council has demanded that two ousted pro-independence Hong Kong lawmakers repay HK$1.86 million in salaries and allowances in two weeks, but the pair have said they will not consider paying the money back. The Court of Final Appeal on Friday rejected a final bid by Youngspiration ...

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