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The company aims to install about 200,000 of such smart charging piles in major cities across China by 2020, executives said at the launch ceremony.

The commodity stocks are hot picks for their low PE ratio and companies' good performance, said Chen. "The higher-than-expected 6.9 percent GDP growth in the first half of this year and the central government's firm supply-side reforms like overcapacity reduction have boosted investor confidence."

The commission now has 21 departments, with 525 administrative staff after the revamp.

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The company forged a strategic cooperation deal with Inspur, China's leading cloud computing, big data service provider.

The comments came as the nation has made swift strides in improving product quality. Currently, more than 85 percent of key electronic parts in Chinese defense and high-tech equipment are domestically made, up from less than 30 percent around a decade ago, according to the Ministry of Industry and Information Technology.

The cloud platform offers intelligent risk control, intelligent investment advisory, intelligent payment and transaction by virtue of face recognition technology, graph calculation and other AI technologies to enhance the work efficiency for financial institutions, said JD Finance.

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The company also aims to further enhance its global oil and gas resource allocation capacity, in a bid to increase its international trade to 550 million tons by 2020, through further exploration of its overseas upstream business, lowering crude purchase costs, increasing exports of refined oil products and diversifying purchases of liquefied natural gas, it said.

The coffee service has introduced four brand-new snack series including croissants and Danish rolls.

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The company first unveiled the passenger-grade AAVs at the Consumer Electronics Show in Las Vegas in 2016. The 184 model, which is the world's first AAV, can fly for up to 30 minutes at a maximum cruising speed of 160 kilometers per hour and has an average cruise speed of 100 km/h.

The company has sold more than 1.2 billion iPhones over the past decade and ushered in the era of mobile computing, but last year had a substantial decline in revenue as many consumers rejected the iPhone 7 as being too similar to the iPhone 6.