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An investigation showed the criminals published sham medical advertisements to collect contact information of the victims. They contacted them by mobile or social networking platforms, pretending to be relatives or students of medical workers, and convinced them to buy fake healthcare or food products.

An employee of Ping An Bank addresses queries from a visitor at a finance exhibition in Haikou, Hainan province.[Photo by Shi Yan/for China Daily]

An effective way to engage in private investment to help local development, public-private partnership projects have been used by some governments as an opaque means to borrow from banks, which has added to the already troublesome pileup of local government debt and increased China's overall financial risks.

An increasing number of homeowners in Shanghai are leasing out their properties rather than selling them, as the preowned homes segment has turned sluggish, analysts said.

An initiative that has seen Argentina's flag carrier ferry medical supplies from China to South America is opening up the prospect of the first passenger flights between the two countries.