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Legislator: Income tax threshold should be raised

The threshold of the personal income tax should be raised from 3,500 yuan ($557) to 5,000 yuan or above to offset the rising living cost, a national legislator said.

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Alibaba will cooperate with Taiwan probe: Ma

The Alibaba Group will provide Taiwan authorities with the information they have demanded from the company after accusing it of being improperly registered and threatening to oust it from the island, executive chairman Jack Ma said on Tuesday.

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Australia risks Chinese backlash by cracking down on foreign investment laws

​Australia's treasurer Joe Hockey has risked severe backlash from Chinese investors by ordering one of the country's wealthiest men, Hui Ka Yan, to sell a 30.4 million U.S. dollar property in Sydney.

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Australia risks Chinese backlash by cracking down on foreign investment laws

​Australia's treasurer Joe Hockey has risked severe backlash from Chinese investors by ordering one of the country's wealthiest men, Hui Ka Yan, to sell a 30.4 million U.S. dollar property in Sydney.

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Cooling economy highlights need to reform China's rust belt

Though the Chinese economy as a whole is restructuring for quality growth, its old industrial heartland seems to be missing the party.

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3 dead, 10 injured in blast at Petrobras platform in Brazil

At least three people were killed, 10 injured and six missing in an explosion at a platform of Brazil's state oil giant Petrobras in the southeast of the country, the company said on Wednesday.

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Australia's Telstra posts 22.4 pct increase in profit

​Australia's national telecommunications carrier Telstra has delivered another record half-year profit, the company announced on Thursday.

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Alibaba reports revenue surge in fourth-quarter report

China's e-commerce giant Alibaba on Thursday reported a 40-percent growth in its fourth-quarter revenue to reach 26 billion yuan (about 4.27 bln U.S. dollars).

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Xiaomi smartphone sales triple in 2014

Chinese smartphone maker Xiaomi Inc. sold 61.12 million smartphones in 2014, up 227 percent year on year, company founder and chief executive officer (CEO) Lei Jun said Sunday.

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Xiaomi's market value hits 45 bln USD: founder

The market value of Chinese smartphone manufacturer Xiaomi Inc. is estimated at 45 billion U.S. dollars after the company completed its latest round of fundraising last week, company founder and chief executive officer (CEO) Lei Jun said on Monday.

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UnionPay expands overseas to serve tourists

UnionPay International announced plans to expand its overseas presence Friday, with company's services already available in 148 countries and regions outside the Chinese mainland.

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Chinese social networking company Momo debuts on Nasdaq

​China's mobile social networking platform Momo Inc. listed its shares Thursday on the NASDAQ global select market.

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Toyota to launch hydrogen fuel cell car in Dec.

Japan's auto giant Toyota Motor Corporation announced Tuesday that it will launch its hydrogen fuel cell vehicle (FCV) in Japan on Dec. 15, with the sales target of approximately 400 units in Japan by the end of 2015.

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Chinese car rental company eHi debuts on NYSE

​China's leading car rentals and services provider eHi Car Services Limited listed its shares on the New York Stock Exchange on Tuesday.

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U.S. gov't delays Sysco's acquisition of U.S. Foods

Sysco Corp., the world's largest food distributor, said Monday that its deal to buy U.S. Foods is being delayed as federal antitrust regulators continue their review of the acquisition.

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China's Kingsoft a new challenger to global Office monopoly

Kingsoft, a Chinese software firm and currently the nation's largest provider of office software, is seeking to break the long held global monopoly of tech giants such as Microsoft and Google.

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Lisbon subway workers schedule 24-hour strike to protest privatization

​Portuguese transport workers' unions have called a 24-hour strike for Lisbon subway workers starting at 2300 GMT Monday in a protest against the Portuguese government's plans to privatize the subway system's management company Metropolitano de Lisboa, the Federation of Transport and Communications Unions (FECTRANS) said on Monday.