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China's newly announced air defense identification zone over the East China Sea aims to shore up national security
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Fuel Prices Cut
An attendant refuels a client's vehicle in southwest China's Chongqing Municipality on May 9, 2012. On the following day, China will lower the per-ton retail prices of gasoline and diesel by 330 yuan ($52.38) and 310 yuan ($49.20) respectively, according to the National Development and Reform Commission. The move, which marks the first cut since October last year, was made in response to lower global crude oil prices (XINHUA)


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