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Restructuring China’s local government debt underway

OneofthebiggestthreatstoChina'sfinancialstabilityislocalgovernmentdebt.Lastyear,localgovernmentsissuednewdebtworth6trillionyuan,or920billionUSdollars,up60percen

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Philip Morris waging global effort to hobble anti-smoking treaty

PhilipMorris,themultinationalcompanybestknownforMarlborocigarettes,hasdevelopedacorporatestrategytoundermineaglobaltreatyandfighttobaccoregulationaroundtheworld

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Market, not govts, can judge what is a worthy product

Thelabels"famoustrademark","reputedtrademark"and"well-knowntrademark"werehonorarytitlesissuedbygovernmentsatdifferentlevelstoChineseproductsinordertoencourageco

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Microsoft: Cyber-attack a 'wake-up call'

Cyber-attacks that have hit 150 countries since Friday should be treated by governments around the world as a "wake-up call", Microsoft says.

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China to introduce environmental tax for enhanced pollution control

​Chinese lawmakers on Sunday adopted a new law to tax polluters, particularly heavy industry.

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Chinese local gov't fine-tunes SOEs support approach: Moody's

Chinese local governments embraced a new approach to support state-owned enterprises (SOEs) facing financial difficulties, with market-oriented moves more likely than direct fiscal support, Moody's Investors Service said on Wednesday.

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Singapore-KL High Speed Rail targeted to start running by around 2026; journey will take 90 minutes

The long-awaited High Speed Rail connecting Singapore and Kuala Lumpur is targeted to be up and running by around 2026, cutting the travelling time between both cities to 90 minutes.

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As ties deepen, elite U.S., Vietnam forces eye possible opening

Special operations forces from the United States and Vietnam are signaling a readiness to start forging ties should their governments choose to do so, in what would be a major step in relations between militaries that were at war 4-1/2 decades ago.

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Sanders, Clinton back away from Obama over 9/11 bill

U.S. Democratic presidential contenders Hillary Clinton and Bernie Sanders are distancing themselves from President Barack Obama, also a Democrat, over a bill that would allow 9/11 victims to sue foreign governments.

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China adopts local government debt ceiling

China's top legislature on Saturday imposed a ceiling of 16 trillion yuan (2.51 trillion U.S. dollars) for local government debt in 2015.

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Driving restriction taken out from draft amendment

China's newest air pollution draft law no longer contains clauses allowing local governments to restrict or ban vehicles to fight air pollution, China's top legislature saw on Monday.

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China orders a nationwide renovation of buildings with safety hazards

China has ordered a nationwide renovation of old and shabby buildings that possess safety hazards as a series of house collapse accidents have sounded the alarm.

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Nigeria's security council lauds military operation in northeast states

​Nigeria's Security Council on Tuesday gave a vote of confidence on the military following the successful anti-terrorism operations in the restive northeast region, an officer said.

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China warns of festival air pollution caused by fireworks

China's environment watchdog on Tuesday demanded local governments take measures during the lunar New Year celebrations to lessen pollution caused by fireworks.

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China targets local gov't debt risks with new rules

China's State Council, or the cabinet, on Thursday published rules to strengthen the supervision and management of debts incurred by local governments.

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Reform brings independence to China judiciary

China is moving toward a mature socialist court system, one with more independence and less influence and protectionism from local officials.

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Growth in Chinese local government debt slows

China has seen slowing growth in local government debts since the middle of last year, an annual audit report showed on Tuesday.