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China box-office back to strong growth in 2017

China'sbox-officerevenuessurgedin2017afterslowingsharplytheprecedingyear,officialmediareported,astheworld'ssecond-largestmoviemarketedgesclosertoovertakingtheUS

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Bank of Pakistan allows use of yuan in bilateral trades

TheStateBankofPakistansaidinanannouncementthatitwillallowtraderstousetheyuanasasettlementcurrencyinbilateraltradeswithChina,withtheaimofpromotingtradegrowthbetw

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Beijing to build technology park for developing artificial intelligence

AtechnologyparkdedicatedtodevelopingartificialintelligencewillbebuiltinBeijinginfiveyears,authoritiessaid.TheparkwillbesituatedinsuburbanMentougoudistrictinwest

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Chinese housing developers target third and fourth-tier cities

TopfiverealestatedevelopersinChinahavespent842.1billionyuan(US$129.4billion)purchasinglandin2017.Affectedbytheregulationslaunchedinfirstandsecond-tiercities,ita

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China’s 2017 movie ticket sales rise 13.5 percent to $8.6 billion

China’stotaldomesticmovieticketsalesrose13.5percentin2017to55.9billionyuan($8.6billion),astatenewsagencysaidMonday.Thetop-grossingtitlewasthemainland-madeaction

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Latest 'Star Wars' passes $1 billion mark in third week: Disney

ThelatestepisodeinDisney'scolossallypopular"StarWars"serieshaspassedthe$1billionmarkinworldwiderevenuesafterjustthreeweeks,aDisneyspokespersonconfirmedSunday.Da

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SoftBank seals deal for large Uber stake, trimming valuation

UberandSoftBankannouncedadealonThursdayallowingtheJapanesetechtitantotakealargestakeintheUSridesharinggiant,makingaheftycutinthevaluationofthebiggestventure-bac

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US, South Korea to hold trade talks next week

USandSouthKoreandelegateswillmeetinWashingtononJanuary5fortalksonpossibleamendmentstotheirfreetradeagreement,officialsannouncedThursday.TheTrumpadministrationin

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China’s commercial drone market to top $9 bln by 2020

Chinahasreleasednewguidelinesonthecivilianunmannedaerialvehicle(UAV)industry,expectingthemarketvalueoftheindustrytorise40percentyearonyearonaverageto60billionyu

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US tax reform promises big income boost for German carmakers

GermancarmakersDaimlerandBMWsaidFridayanewsweepingUStaxreformgivingmajorbreakstocorporationswilladdhundredsofmillionsofeurostotheir2017earnings.Thecontroversial

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Wealthy nannies love their billion-dollar unicorns

SequoiaCapitalisoneofthebiggestinvestorsintheworldandhashelpedfund27ofthetopChineseunicorns.ButtheAmericanventurecapitalfirmdoesnothaveoneinthetopfourofthe2017H

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Tokyo 2020 unveils budget cuts

Tokyo2020organisersFridayunveileda"significant"cutintheirbudgetforhostingthegames,asthecitycomesunderpressuretokeepalidonspirallingcosts.Theoverallgamesbudgetno

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IPO hopeful Xiaomi set to blow past 2017 revenue target

China’sleadingsmartphonemakerXiaomiInchastoldbankersitwouldtopitsannualrevenuetargetbyasmuchas18percent,sourceswithknowledgeofthemattersaid,markingacomebackfrom

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China's Didi said to be worth $56B after raising more cash

China'shomegrownanswertoUberisabouttobecometheworld'smostvaluablestartup.DidiChuxing,theridehailingcompanythatbeatUberatitsowngame,saidThursdaythatithadsecured$

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Vietnam's import-export turnovers double in 6 years

Vietnamhassofarthisyeargainedtotalimportandexportturnoversof400billionU.S.dollars,doublingthefiguresixyearsago,theGeneralDepartmentofVietnamCustomssaidonWednesd

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Scientists confirm 3.5 billion-year-old fossil life in rock

Ittookmorethan10yearsofpainstakingwork,grindinganAustralianrockcontainingfossilssmallerthantheeyecouldsee,toconfirmtheearliestdirectevidenceoflifeonEarth,scient

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China’s Internet firms eye electric car market

China’stop-rankedInternetcompanies,includingBaidu,AlibabaandTencent,alsoknownasBAT,arebusyparkingtheirmoneyintheelectriccarindustry,inordertogainaccesstosmartca