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When upstart smartphone company Xiaomi launched a mobile-chat service in 2010, Chief Executive Lei Jun told a conference in May, it expected Tencent to take a while to launch a rival service.
WSJ: China's Tencent Outperforms Its Western Peers
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"The draft law it is really trying to tackle the issue in a proactive way, trying to tackle the pollution at its source, " said Ma Jun, a prominent environmentalist in Beijing and author of China's Water Crisis.
CNN: Beijing tries to clean up its act
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"We are watching the markets with a sense of caution and will take decisive action if needed, " said Japanese Finance Minister Jun Azumi at a regular press conference.
WSJ: Hopes of Easing Lift Asia Markets