French Red Cross worker abducted in Darfur

Several armed men Thursday abducted a French national working for the Red Cross in Sudan’s volatile Darfur region, the agency said. China has also become the biggest vehicle market in the world this year and car sales expanded an extraordinary 78 per cent last month from a year ago.

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Top China banker warns on asset bubbles

China needs an “urgent” tightening of monetary policy to prevent the huge stimulus measures introduced this year from inflating stock and property bubbles, one of the country’s leading bankers has warned. Qin Xiao — chairman of China Merchants Bank, the country’s sixth-biggest — says in Thursday’s Financial Times that the government should not be afraid of a “moderate slowdown” in the economy.

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