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China allows Xi to remain president indefinitely

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BEIJING (Reuters) – China’s largely rubber stamp parliament on Sunday passed a series of constitutional amendments, including one that removes presidential term limits, allowing President Xi Jinping to remain in office indefinitely. The announcement of…

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China steps up scrutiny of bank shareholders

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BEIJING (Reuters) – China’s banking regulator has ordered shareholders that have acquired more than five percent stakes in commercial banks through the use of financial products like insurance and asset management schemes to reduce their…

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