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Chinese Bank Offers $7.7B in Aid to Restive Xinjiang

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Minsheng Banking Corp., China's largest private bank, will provide 50 billion yuan ($7.73 billion) in financial support to China's violence-prone far western region of Xinjiang over the next five years, state media said on Friday. Hundreds of people have been killed over the past few years in resource-rich Xinjiang, strategically located on the borders of central Asia, in violence between the Muslim Uighur people who call the region home and ethnic majority Han Chinese. The...

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