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GlaxoSmithKline sacks some China staff for malpractice: source

LONDON (Reuters) - GlaxoSmithKline, facing allegations of bribery in China, has dismissed some employees in the country over failure to comply with expenses rules, a person familiar with the situation said on Friday. Britain's biggest drugmaker declined to detail the move but confirmed it had stepped up monitoring of expenses claims, resulting in action being taken against some employees.

China aims to shore up growth with mini stimulus targeting small firms, railways, housing

HONG KONG - China's leaders have unveiled a mini-stimulus aimed at shoring up sputtering growth in the world's No. 2 economy. Under the batch of measures announced by Premier Li Keqiang, small businesses will get bigger tax breaks, social housing will be built to replace shantytowns and railway construction will be sped up. Li, China's top economic official, announced the new measures on Wednesday evening after a regular meeting of the State Council, China's cabinet.

China toddler started fire which killed 12

Investigators in China have accused a three-year-old girl of playing with a cigarette lighter and starting a workshop fire which killed 12 people, state media reported. "Many others" were injured in the blaze at a clothing workshop in Junbu in the southern province of Guangdong last week, the official Xinhua news agency said late Wednesday. The workshop owner's toddler ignited a stack of sponges while playing with a lighter, the report said, citing local investigators.

HKEx in cooperation talks with mainland China stock exchanges

HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd said it is in talks on cooperation with mainland China stock exchanges, a deal that could allow investors to buy mainland-listed stocks via the Hong Kong exchange. The Hong Kong exchange operator said there was no guarantee such a deal could be reached. HKEx shares had jumped nearly 6 percent on Wednesday, their biggest gain in over a year, on a report on the cooperation talks in the 21st Century Business Herald.

NK leader's visit to China unlikely in near future: envoy to China

SEOUL, April 2 (Yonhap) -- North Korean leader Kim Jong-un is unlikely to visit China in the near future as Pyongyang's nuclear test last year limited bilateral exchanges, South Korea's ambassador to China said Wednesday. Since taking over power in late 2012 following his father Kim Jong-il's sudden death, the young leader has not paid a visit to any foreign countries, including China, the North's chief ally and biggest economic benefactor.

NK leader's visit to China unlikely in near future: envoy to China

SEOUL, April 2 (Yonhap) -- North Korean leader Kim Jong-un is unlikely to visit China in the near future as Pyongyang's nuclear test last year limited bilateral exchanges, South Korea's ambassador to China said Wednesday. Since taking over power in late 2012 following his father Kim Jong-il's sudden death, the young leader has not paid a visit to any foreign countries, including China, the North's chief ally and biggest economic benefactor.

Nepal accused of succumbing to China pressure on Tibetans

Tibetans in Nepal face heightened risks of being detained, beaten and even forcibly returned to China, as Kathmandu bows to growing diplomatic pressure from Beijing, Human Rights Watch said Tuesday. The allegations, detailed in a new report based on the testimony of Tibetan refugees, monks, activists and senior Nepalese officials, highlight the intensified restrictions slapped on Tibetans in the Himalayan nation since 2008.

China house price rises slow in March

Price rises for new homes in China slowed in March for the third straight month, an independent survey showed, as authorities say they are looking to curb high housing costs. The average price of a new home in 100 major cities rose 10.04 percent year-on-year in March to 11,002 yuan ($1,775) per square metre, according to the China Index Academy which compiled the survey, released late Monday. The increase compared with a rise of 10.79 percent in February, according to the academy, the research unit of real estate website operator Soufun.

China unveils anti-graft rules for urbanization drive -state media

BEIJING (Reuters) - China has unveiled plans to tackle corruption and abuse of power in the real estate sector, state media said, as it tries to smooth the way for the mass migration of millions of Chinese into cities from the countryside. The anti-graft plans are part of an urbanization program designed to underpin a restructuring of China's economy, the world's second largest, away from exports towards one based mainly on domestic consumer demand.

S. Korea, China plan joint movie on Korean independence hero

BEIJING, March 27 (Yonhap) -- Senior civilian representatives of South Korea and China plan to jointly shoot a movie about a Korean national hero who assassinated a top Japanese official more than a century ago, an official of an organization promoting Seoul-Beijing relations said Thursday. If realized, it would be the first joint movie about Ahn Jung-geun, who shot to death the Korean Peninsula's first Japanese governor-general, Hirobumi Ito, at a railway station in Harbin in 1909, according to the official at the Korea-China Friendship Association.
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