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Beijing is home to the largest number of the country's wealthiest lot, with 151,000 people owning more than 10 million yuan ($1.46 million) and about 94,000 people with more than 100 million yuan in personal assets, according to a recent report.

China's full-year trade balance will still be in surplus and there is nothing to be alarmed about the figures turning into a deficit in March, economists said on Wednesday.

Gold consumption in China is likely to double over the next decade, boosting prices as burgeoning demand will outpace the growth in supplies, said a report released on Monday by the World Gold Council (WGC).

The chief designer of the country's first C919 jumbo jet has urged authorities to establish a multi-billion-yuan State fund to help boost the sales of homegrown airplanes.

The Standard & Poor's 500 Index has set new highs while China's benchmark stock index failed to surpass its August peak, a divergence that makes US equities more attractive, according to Janney Montgomery Scott LLC.

Biz Unusual

Qing palace sale attracts State companies' interest

A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.

New deal for commercial flights over the Great Wall

Old train tickets and the memory of yesteryear

'Hometowns' battle to claim their celebrities

Equestrian enthusiasts advocate riding horses to work

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Major Markets
Name Value Change Time
Shanghai 2,794.27 -0.58% Thur
Shenzhen 12,392.93 -0.26% Thur
HSI 22,530.18 +0.06% Thur
NIKKEI 10,071.14 -0.11% Thur
Dow 12,719.49 +0.74% Thur
Nasdaq 2,872.66 +1.36% Thur