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The move will also expand the company's relationship with its business partners, including licensees and digital platforms. Kang added that, by operating on a regional basis in China, it can ensure it is sensitive to the needs and trends of each different regions.

The move to introduce auctions was aimed at easing the worsening traffic congestion and promoting environmentally friendly transportation in Shenzhen.

The move came as Washington hit Huawei with a string of new accusations including racketeering and conspiracy to steal trade secrets on Thursday.

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The name 996.ICU refers to a saying among Chinese developers that following the 996 schedule puts you at risk of ending up in an intensive care unit.

The move by the State Council highlighted the government's intention to help disadvantaged groups and industries gain funding at affordable costs and address poverty and social inequality while carrying out structural reforms to upgrade the economy, analysts said.

The move will allow visitors to appreciate scenery along the moat of the Forbidden City between the two gates, as well as ease pressure brought by the visitor overflow.

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The model has Level 2 autonomous driving and features a range of up to 510 kilometers.

The move represents an important chapter in the development of China's democracy.

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The nation will accelerate the opening up of its banking sector to foreign investors and consider steps to increase the upper limit of shareholding in Chinese financial institutions by foreign banks, the country's top banking regulator said on Thursday.

The move will also foster the opening-up of the domestic exchange bond market. Foreign investment is expected to continually increase, which can consolidate the Chinese bond market's ranking as the second-largest in the world, said Yang.