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Banks tighten mortgage loans in Beijing

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In response to news that China CITIC Bank had stopped offering personal housing loans over 2 million yuan ($316,000) in Beijing, the major commercial bank said the measure aimed to help ensure the city’s progress…

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China Unicom reform in full swing

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Marketing professional Wu Xiaoen, 28, had never imagined that working with a State-owned enterprise such as China United Network Communications Group Co Ltd or China Unicom, the country’s second-largest telecom carrier by subscribers, would entail…

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