Businessman shot his partner, self: police

A man is believed to have shot dead his business partner over a financial dispute before committing suicide in China's private economy hub of Wenzhou in Zhejiang province on Sunday morning.

Local police have released a statement claiming a 49-year-old resident of the Lucheng district surnamed Lin is believed to have shot his business partner. He was found dead close to the scene a short time later.

The 48-year-old victim was identified by his surname Nan. Police said the two men operated a shoe factory together in Lucheng and had some financial disputes that could not be solved through negotiation.