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Revenue from the Asia-Pacific region is one of its fastest-growing areas and accounted for 30 percent of its total revenue, he said.

Rio Tinto has tightened ties with China after selling its Australian coal assets to State-backed Yankuang Group for .69 billion.

Rings led by Vietnamese smugglers were found active along the border of China and Vietnam.

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Revenues dropped by 3.5 percent from a year ago during the first seven months, compared with a 4.9-percent decrease posted in the January-June period.

Roy said the dispute is "problematic because it involves economic interests of both countries in a significant way".

Revenue from wireless data traffic reached 187.7 billion yuan, accounting for more than half of telecom services revenue, according to the company.

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Reuters reported earlier this month that Volkswagen is working with SAIC to prepare for Audi vehicles production. Woellenstein said Audi wants to have a new partner in China, but he added that FAW-Volkswagen will remain the largest one.

Rivals should fear us because: “We are so agile, nimble and creative. We’re significantly further along than others in our space. We’re really delivering a paradigm shift to the market relative to how assets are managed. Our R&D focus guides this because we can ferret out the ideas that provide the best advantage at the best price point.”

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Retail, a key segment of the commercial real estate sector, will remain under pressure in the short-to-medium term while average rental is expected to fall. The conditions will not improve unless the epidemic is terminated.

Retailers have been hit hard during the lockdown.