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Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday.

Luxury brand makers are struggling to find the right sales strategy in China after the country was named the second largest market in the sector.
Luxury brand makers scent more profits

China Investment Corporation posted a solid return of 11.7 percent on its global investment portfolio in 2009.

According to the State Administration of Industry and Commerce (SAIC), between 2006 and September last year, it was responsible for identifying and breaking up 10,980 pyramid schemes.

Economic recovery has partly caused China's air quality to fall in the first half of the year, the first such fall since 2005, figures from environmental authorities showed on Monday.