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Olson noted that green transportation and housing developments are two areas with potential for further foreign investment in Southern California. There are some Chinese companies, like BYD, which have already enjoyed success in developing green transportation in the region, he said.

Of the 56 new Chinese billionaires in 2018, 21 percent came from the technology sector, while only 7 percent came from the real estate sector, an industry that traditionally creates the most wealth for Chinese entrepreneurs, according to a report jointly released Friday by UBS and PwC.

Officials in the Xiongan New Area, a zone established to advance the coordinated development of the Beijing-Tianjin-Hebei region, have been ordered to always put the environment first and to adhere to green development.

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Ofo and Mobike, which are rekindling Chinese people's interest in a traditionally preferred mode of transport, are the latest darling of the capital market.

On August 3, the Asian Cultural Symphony of the USA showcased traditional Chinese music and instruments with a free concert in Bryant Park, New York City.

On August 29, the FAA issued Amazon Prime Air a Part 135 air carrier certificate using unmanned aircraft systems (UAS). Amazon Prime Air’s concept uses autonomous UAS to safely and efficiently deliver packages to customers.

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Oil prices, a proxy for future economic activity, fell after the report was released.

On Aug 17, the US Department of Commerce (DOC) announced its decision to require foreign manufacturers using US technology to get a license if they plan to sell semiconductors to Huawei.

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Offi cial data from India's Election Commission said the main opposition Congress party, headed by Rahul Gandhi, would wind up with 50 seats, AFP reported, only marginally improving its 2014 performance in which it won 44 seats.

Officials will face criminal charges if they are found to have condoned illegal fundraising; if they are negligent, malfeasant or abuse their power in the course of investigating cases; or if they fail to handle or report individuals or organizations suspected of illegal fundraising to judicial authorities in a timely manner, the guideline said.