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China seizes more than 10,000 illegal guns in crackdown

SHANGHAI (Reuters) - China has seized more than 10,000 illegal guns in the southwestern province of Guizhou, state television reported on Sunday, marking its largest haul of illegal firearms as it steps up efforts to crack down on violent crime. Police in the city of Guiyang seized 10,500 guns and 120,000 forbidden knives, China Central Television said. Fifteen people suspected of being part of a criminal gang involved in the manufacturing and trafficking of firearms were arrested, it said.

FACTBOX-China opens up shale in bid to boost slow growth

March 11 (Reuters) - China opened its second shale gas auction to non-oil firms, seeking to unlock huge reserves and mirror the experience of the United States where independent drillers have driven a shale boom. For a related story: The move has, however, raised concerns over the capacity of the firms picked. The auction attracted more than 100 firms, an eclectic group that included a real estate developer, a grain trader and a tobacco dealer.

China shares slip to lowest in more than a week, Moutai dives

HONG KONG, Jan 25 (Reuters) - China shares closed at their lowest in more than a week on Friday, as distiller Kweichow Moutai tumbled 3.5 percent despite reporting a 2012 profit rise of about 50 percent. The CSI300 of the top Shanghai and Shenzhen A-share listings closed down 0.4 percent at 2,571.7. The Shanghai Composite Index shed 0.5 percent. Both closed at their lowest since Jan. 17. This week, they lost 0.9 and 1.1 percent, respectively. (Reporting by Clement Tan; Editing by Sanjeev Miglani)

China shares close down, Moutai drags

HONG KONG/SHANGHAI, Jan 22 (Reuters) - Onshore China shares closed down on Tuesday, led by weakness in alcohol producers after retail investors were spooked by a news report the sector accounted for half of the top 10 stocks that fund managers sold off last year. The CSI300 of the top Shanghai and Shenzhen A-share listings closed down 0.5 percent at 2,596.9, slipping off Monday's 7-1/2-month closing high. The Shanghai Composite Index closed down 0.6 percent at 2,315.1.

China gift crackdown hits watches, booze but foreign brands hold on

By Adam Jourdan SINGAPORE, Jan 15 (Reuters) - A Chinese government crackdown on lavish spending by officials has pushed expensive liquor and high-end watches out of favour in the luxury gift-giving market, a survey from the Hurun Report, known for its annual China Rich List, showed on Tuesday.
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