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August, 30, 2016

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China
In Brazil, China beats US in M&A
China lagged behind the United States in the medal count during this year's Olympic Games in Rio de Janeiro, but it's winning the competition for Brazilian assets.
 
Police believe they have captured a serial killer dubbed China's "Jack the Ripper" for the way he mutilated several of his 11 female victims, state-run media reported Monday, nearly three decades after the first murder.
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Disney creates new property theme
"Even if only 10 percent of 30,000 tourists come to this town and buy snacks here every day, this store is going to bring you a great fortune." The to-let ad copy of a store in Chuansha, a town some 6 km east of Shanghai Disney Resort, just a five-minute drive away, appears extremely persuasive.
 
The upcoming G20 summit of the world's leading economies will be orderly and disciplined, said Christine Lagarde, managing director of International Monetary Fund (IMF), in a recent interview with China Central Television (CCTV).
 
China officially launched a new multibillion-dollar jet engine conglomerate with almost 100,000 employees at the weekend, as Beijing seeks to become an aerospace power and compete with the likes of Rolls Royce and General Electric.
 
Out of 100 billionaires on the 2016 Forbes list of the world's 100 Richest In Tech, five are women, of whom two are from China.
 
Alipay forays into Europe via payment deal with Ingenico
Alipay, an affiliate of billionaire entrepreneur Jack Ma's Alibaba Group Holding Ltd, is pushing forward with plans to expand in Europe, unveiling a partnership with Ingenico Group SA that paves the way for hundreds of continental retailers to accept China's biggest mobile wallet in popular destinations.
 
The lack of business confidence among private companies has emerged as one of the most worrying trends for China's economy, the world's second largest.
 
China's biggest carmaker Shanghai Auto Industry Corporation (SAIC) has reported a rise in net profit of more than six percent in the first half on stronger sales.
 
Chinese oil giant Sinopec, Asia's biggest refiner, saw its first half net profits drop 21.6 percent, it said, hit by low oil prices.
 
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