CHINA TO PULL APPROVAL FOR FACEBOOKS
The Chinese government has withdrawn its approval for Facebook Inc’s (FB.O) plan to open a venture in the eastern province of Zhejiang, the New York Times reported on Wednesday, citing a person familiar with the matter.The subsidiary was registered in Hangzhou, according to a filing approved on China’s National Enterprise Credit Information Publicity System last week and seen by Reuters on Tuesday.A Chinese government database showed that Facebook had gained approval to open a subsidiary. The registration has since disappeared, according to checks made by Reuters.