Michael Wei News
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China’s largest oil producer defended plans for a chemical plant in southwestern Sichuan province, saying it will improve air quality by providing higher-standard oil products and curbing car-emission pollutants.
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Smoking a Cohiba cigar inside his suite at the Visun Royal Yacht Hotel, billionaire Wang Dafu, the chairman of property developer Visun Group, gazed down at the marina he built on southern China’s Sanya Bay and described his perfect day.
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Even by the standards of China’s rough and tumble breed of entrepreneurs, billionaire Liu Han’s brushes with death mark him out.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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Authorities in Shanghai, China’s financial hub, pulled a further 1,420 dead pigs today and yesterday from the Huangpu river, bringing the total number of carcasses to close to 9,000.
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Tencent Holdings Ltd.’s rally has put the wealth of its chairman, Ma Huateng, above that of Baidu Inc. counterpart Robin Li, making him China’s richest Internet executive, according to the Bloomberg Billionaires Index.
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Owners of Volkswagen AG’s cars in China have reported instances of abnormal vibrations, loss of power and sudden acceleration, state-owned China Central Television said in its annual consumer rights program.
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Gome Electrical Appliances Holding Ltd. , China’s second-largest electronics retailer, said first- quarter profit surged 66 percent after it opened more stores.
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Volkswagen AG, Europe’s largest automaker, plans to recall vehicles in China after drawing scrutiny from the nation’s quality inspector and state broadcaster over defective gearbox systems.
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Volkswagen AG, Europe’s largest automaker, plans to recall vehicles in China after drawing scrutiny from the nation’s quality inspector and state broadcaster over defective gearbox systems.
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