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Updated: 9 hours 18 min ago

Hong Kong stocks close 0.33% higher

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Hong Kong stocks rose 70.56 points, or 0.33 percent, at 21,549.28 on Wednesday.

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Classroom-themed restaurants spring up

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Young people eat lunch from retro lunchboxes in the classroom-themed restaurant - School of Hope - in Shanghai.

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China's R&D spending surges 21.9%

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China's spending in research and development (R&D) last year surged 21.9 percent year-on-year to 861 billion yuan ($139.7 billion), the country's statistical authority said Wednesday.

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HSBC China PMI hits 4-month high

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A non-official preliminary purchasing managers index (PMI) released Wednesday indicated that China's manufacturing activity stabilized in February despite another fall in new export order volumes.

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Apple fever cools in China

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Chinese consumers' zeal for Apple products is not that high now.

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China's Tongrentang: no more franchises

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Tongrentang Co, the largest producer of traditional Chinese medicine, has announced that the company will no longer have franchised outlets, after a scam at one of its franchised stores tarnished its reputation.

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Chinese key stock index up nearly 1%

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Chinese shares closed higher Wednesday with the benchmark Shanghai Composite Index up 22.16 points, or 0.93 percent, to finish at 2,403.59, the highest close in more than two months.

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China's animated TV output jumps in 2011

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China's output of animated TV series reached 261,444 minutes in 2011, up 18 percent from a year earlier, signalling the country's effort in boosting its cultural sector.

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China stock index futures close up -- Feb 22

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China's stock index futures closed higher Wednesday, with the contract for March, the most actively traded, up 1.32 percent from the previous trading day to 2,595.8 points.

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Bear bile maker opens farm to reporters

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A Chinese pharmaceutical company Wednesday morning allowed more than 100 reporters to visit a farm where it breeds bears for their bile, amid protests from the public and animal welfare activists.

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China to build shopping center in Cancun

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China plans to play a dominant role in establishing a huge shopping center in Cancun, Mexico, to promote bilateral trade between the two countries, industry sources said on Wednesday.

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ChiNext Index closes up -- Feb 22

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The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 22.68 points, or 3.1 percent, to close at 759.56 points on Wednesday.

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Huawei, ZTE sign deals with US companies

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ZTE, a leading telecom equipment company, announced on Tuesday that it has signed a Memorandum of Understanding (MOU) on Procurement worth $5 billion with two US enterprises.

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Chinese banks' profit model unsustainable

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The current profit model of China's banks, which brings high profit growth rate by stipulating the cap of deposit rates and floor of lending rates, is unsustainable, the Economic Daily reported Wednesday, citing an industry insider.

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UC Mobile to compete in North America

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UC Mobile Ltd, a Chinese provider of browsers for mobile phones, announced on Wednesday that it plans to enter the North American market in the first half of this year.

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CNR plans $1.13b rights issue

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China CNR Corp Ltd, the nation's No 2 train maker, proposed on Wednesday a rights issue of 2.5 new shares for every 10 shares held to raise up to 7.1 billion yuan ($1.13 billion) to invest in high-speed train projects and technology research.

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Tough times but big profits in furniture

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While the furniture industry of Guangdong province is benefiting from massive government-subsidized housing projects, it has to cope with a softening domestic economy, a weak global economy, rising costs and the appreciation of the yuan.

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Angry Birds to launch stores in China

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The computer game Angry Birds is hitting the shops in China, and not just the virtual ones.

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Index indicates continued slowdown

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The preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to 49.7 in February compared with 48.8 in January, HSBC Holdings PLC said on Wednesday.

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Jebsen to expand Porsche sales in China

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International luxury goods marketing and distribution company Jebsen Group announced on Tuesday a further investment of HK$575 million ($741 million) in the coming two years to expand its Porsche distribution business in China.

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