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MARKET WATCH |
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| Authors: | HU YUE |
| Abstract: | China widens the tax rebate program for Hainan Provinceto stimulate the island's tourism industry.The banking sector fares well with profits surging last year.By imposing a higher resource tax on rare earth exploration,China tries to streamline the fragmented industry.The shipping giantCOSCO jumps back into the black thanks to buoyant market demands.The international consulting firm McKinsey&Co.expects China to replace Japan as the world's top luxury goods market by 2015. |
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