Facebook has created a subsidiary in China, even though its site is banned in the country (FB)

Facebook has created a new subsidiary in China.
The social network is currently banned in the country, which has strict internet censorship.
Just last week, CEO Mark Zuckerberg said Facebook is "a long time away from doing anything" in China.
In a statement, a company spokesperson said Facebook was launching an "innovation hub" to support local developers.Facebook is dipping its toe in the water in China.
The US social networking giant has set up a subsidiary in China, according to an official b