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Posts published in “Day: July 18, 2017

Former China Development Bank executive stands trial for graft

Xinhua report, July 18, 2017 Yao Zhongmin, former chairman of the board of supervisors at China Development Bank, stood trial Monday for accepting bribes. Prosecutors accused Yao of taking advantage of his positions to secure loans and projects for others, and accepting money and valuables worth nearly 36.2 million yuan (5.35 million US dollars) either personally or through others, including his brother Yao Zhongquan. The case was heard by the Intermediate People’s Court of Baoding…

God of Fortune statues bring wealth to couple as demand from temples grows

By Zhang Yu in Global Times Published: 2017/7/16 17:23:39 Holding a paint brush, Xu Mingsheng, 25, nimbly climbed onto a high stool in the hall of the Treasured Mirror Temple, a Taoist temple in a village in Huzhou, East China’s Zhejiang Province, and started to paint statues of Taoist deities – the final step of a year-long project. While most temple statues are mass produced with resin and molds these days, Xu and his wife…