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Some hotels in Chinese city block people from five Muslim countries

BEIJING Police have ordered some low-end hotels in the Chinese metropolis of Guangzhou not to allow guests from five Muslim-majority countries to stay, though China's foreign ministry said it had never heard of the policy.

UPDATE 2-China's AgBank profit up slightly; lending margins squeezed

* NPL ratio at 2.4 pct at end-June, flat on quarter (Adds comments from chairman)

5:16pm IST

China to prosecute former statistics bureau chief for corruption

BEIJING China will prosecute the former head of its statistics bureau, the country's anti-corruption watchdog said on Friday, accusing him of serious violations of discipline, including extravagance, abuse of power and selling power for sex.

4:07pm IST

Wanda to invest $9.5 billion in China tourism park

SHANGHAI China's richest man, Wang Jianlin, has signed an agreement to invest 63 billion yuan ($9.45 billion) to build a tourism and sports complex in Jinan city, cinema-to-theme park developer Dalian Wanda Group said in a statement on Friday.

3:18pm IST

China seeks to assuage consumer fears over GMO foods

BEIJING China's agriculture ministry said it would back new laws on genetically modified (GMO) food labeling "at a suitable time" as it seeks to assuage public concerns over safety, but added that current laws protect consumers.

Wanda to invest $9.5 bln in China tourism park

SHANGHAI, Aug 26 China's richest man, Wang Jianlin, has signed an agreement to invest 63 billion yuan ($9.45 billion) to build a tourism and sports complex in Jinan city, cinema-to-theme park developer Dalian Wanda Group said in a statement on Friday.

3:05pm IST

China Vanke plans to buy Shanghai office tower from Carlyle for $369 mln - Basis Point

HONG KONG, Aug 26 China Vanke Co Ltd is seeking to buy Central Plaza in Shanghai from private equity firm Carlyle Group for around 2.46 billion yuan ($368.94 million), Basis Point reported on Friday, quoting sources.

UPDATE 1-China Resources Land raises FY sales target by 10 pct after strong H1

* To focus land purchases on major third-, second-tier cities

2:38pm IST

Senior Chinese general arrested for corruption - HK newspaper

HONG KONG A Chinese general has been arrested in China for violating party discipline, a Hong Kong newspaper cited two unnamed sources as saying, describing him as one of the most senior incumbent military officials to be targeted in Beijing's crackdown on corruption.

2:33pm IST

Economists see ride-hailing industry as ripe for competition

SAN FRANCISCO Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game.

2:17pm IST