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Chinese authorities decided early last year to crack down on illegal property financing activities as part of efforts to curb real estate market speculation.
Chinese dama, or middle-aged women, who rushed to buy gold in 2013 when prices fell, seem to have turned to Chinese gold-backed exchange traded funds, which saw the fastest growth among Asian-listed funds in the third quarter of 2019, analysts and industry experts said.
Chinese actress Gulnezer Bextiyar poses for the fashion magazine. [Photo/Official Weibo account of Elephant Kingdom]
Chinese internet search giant Baidu Inc announced its revenue reached 22.5 billion (.2 billion) yuan in the first quarter of 2020, decreasing 7 percent year-on-year, while its net profits amounted to 3.1 billion yuan, up 219 percent compared with the same period last year.
Chinese foreign exchange reserves rose by .6 billion month-on-month in November after three months of declines, influenced in part by rising bond prices in some major countries, the central bank said on Friday.
