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Global Economy

Briefs: Temasek to invest in new fund under Bill Gates-backed Breakthrough Energy Ventures; gold hits three-week low

Quoteworthy: "I think it is a shambles and a disgrace." — Senior British MP Charles Walker
Image: Reuters

China Focus

China hikes tax on 'super cars' amid luxury crackdown

SHANGHAI/BEIJING (Dec 1): China will impose an extra 10 percent tax on super cars and other luxury models costing 1.3 million yuan ($0.27 million) and above, in a bid to rein in lavish spending and to reduce emissions, the ministry of finance has said.
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