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China news round-up: 14 killed in mosque stampede, railway executive dies in 'accident'

PUBLISHED : Monday, 06 January, 2014, 8:14am
UPDATED : Monday, 06 January, 2014, 8:22am

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"The leading group for overall reform will become the core promoter of reform in order to break the existing rigid structure of vested interests", writes Hu Shuli.
Foreign Policy
"It seems relatively certain that macroeconomic policy will tilt 'pro-reform' rather than 'pro-growth'" in 2014, writes Damien Ma.
"There will be increasing pockets of resistance as cadres are squeezed but [President Xi Jinping] appears to have the power base to continue the crackdown," writes Bill Bishop.
Jiefang Daily*
Official residencies of emissaries abroad could become the next target of the Communist Party's anti-graft campaign.

Beijing News*
Four people were killed and 25 wounded in an explosion in a bus in Pucheng County, Shaanxi province.
The Guardian
Money laundering is to Macau what corruption is to mainland China – ubiquitous, yet impossible to eradicate without undermining the entire economy.
The Economist
In the 1970s, 50 per cent of freshmen at Tsinghua University were from poorer, rural areas. In 2010 that figure was down to 17 per cent.
The Independent
China is at the forefront of exploiting new economic opportunities stemming from the legalisation of cannabis elsewhere.

China Business News*
Bai Zhongren, the president of China Railway Group, died in what a company statement called an accident.
Hong Kong stocks are poised to gain in 2014, with the Hang Seng Index climbing to a five-year high on a stronger global economy and steady growth in China.
China Daily
The value of trade in China's goods in 2013 is set to exceed that of the United States, making the world's second-largest economy the world's top trader for the first time.
Wall Street Journal
China is moving to tighten control over its far-flung rare-earths industry, paving the way for state-backed mining giants to acquire smaller producers and carry out Beijing's consolidation mandate.

Foreign affairs
Beijing Times*
The US will cover the costs of repairing the Chinese consulate in San Francisco after an arson attack.
Cyprus Mail
Direct investment from China to Cyprus has been rising rapidly, with Chinese purchasing around US$100 million worth of real estate in 2011.
The Nation (Thailand)
China was a big winner at the recent Southeast Asian Games, and it wasn't even competing.
Chinese media over the weekend blasted South Korea's plans to build an ocean research station in the Yellow Sea, claiming it is a thinly disguised move to extend its exclusive economic zone.

* denotes articles in Chinese language.