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Virtual currency pyramid scheme busted in east China******
NANJING, Nov. 22 (Xinhua) -- Police in China have busted a virtual currency-themed online pyramid scheme involving some 110,000 people and 1 billion yuan (about 156.4 million U.S. dollars).。
In April, police in Suining, east China's Jiangsu Province, received a tip-off from a person who claimed to be trapped in the pyramid scheme operated by an investment platform called BBGO.。
Investigation revealed that BBGO forged and spread information about non-existent plants and machines dedicated to virtual currency mining, coaxing over 110,000 investors into joining its pyramid scheme since 2019, using so-called high profits and rebates as bait, police said.。
Five main suspects in the case have been arrested as the trial is under way. Enditem。
China's chemical fiber industry sees profit surge in Jan.******
BEIJING, Oct. 23 (Xinhua) -- China's chemical fiber industry recorded a surge in its profit in the first eight months of this year, according to official data.
From January to August, the total profits of major chemical fiber companies in China stood at 43.7 billion yuan (about 6.8 billion U.S. dollars), up 384.5 percent year on year, data from the Ministry of Industry and Information Technology showed.
The combined operating revenue of these companies increased by 35.7 percent from a year earlier to 656.7 billion yuan, according to the data.
The statistics also showed that the country's output of chemical fiber reached 45.2 million tonnes, up 15.6 percent year on year. Enditem
Collection on Tibetan epic King Gesar published****** File photo shows actors performing the "King Gesar" epic in Chengdu, southwest China's Sichuan Province, on Jan. 12, 2016. (Xinhua/Wang Di)。
XINING, Nov. 23 (Xinhua) -- A book series on the Tibetan epic King Gesar has been published, a Qinghai provincial center for the protection and research of the Epic of King Gesar said on Tuesday.。
The collection, consisting of five volumes totaling 1.14 million words, was compiled based on the existing versions and new discoveries from folktale stories, songs and written materials about King Gesar, said Changchub Tsering, an associate researcher of the center.。
The books can be regarded as supplementary research of the classic Epic of King Gesar, and the publication is sponsored by a national project designated for protecting intangible cultural heritage, Changchub Tsering added.。
The Epic of King Gesar is generally considered the world's longest folk epic, telling the story of how an 11th century Tibetan demigod king conquered his enemies and helped ordinary people.。
Listed as a UNESCO Intangible Cultural Heritage in 2009, the epic has been passed down orally by singers, herders, and farmers from provinces and regions including Qinghai, Tibet, and Inner Mongolia. Enditem。