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Frozen in time, one walking into the sub-level of the Wangfujing Department Store could easily think they had traveled back in time to Beijing in the 1980s.

GM, the biggest US automaker, saw its sales drop 5.8 percent from April 2016, while Ford sales fell 7.2 percent, and FCA US, the North American arm of Fiat Chrysler, dropped 7 percent.

Funds affiliated with Blackstone, led by Stephen Schwarzman, are part of an investor group that agreed to pay .84 billion to buy Des Moines, Iowa-based Fidelity & Guaranty Life, the companies said in a statement on Wednesday.

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Gan said the examples showcase that, "Only converged and simplified networks can deliver full-service business success in the 5G era. Huawei is working with its partners to make this a reality."

GUIYANG - China's leading liquor maker Kweichow Moutai said Thursday that its net profit saw a 30 percent rise in 2018.

Gao suggested that science and technology institutes should collaborate more with businesses.

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Fuzhou boasts a dense inland river network including the Pudong River, and with rapid urbanization, such rivers are heavily impacted by sewage and litter brought about by an increasing number of residents.

Gao Jianbin, PwC China TMT leader and Central China private equity group leader, explained the lack of large-scale and high-quality deals at the supply end was the main factor leading to the decline in investment value in the first half of this year.

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Gao said that on one hand the quality of elderly care services－despite the progress－needs to be further improved, and on the other, seniors in China lack purchasing power.

Gagnon, a former official at the US Federal Reserve Board and US Treasury, said it is important to stipulate that trade is not a zero-sum game in which imports are losses and exports are wins. "Reducing the trade deficit by reducing overall trade would throw the baby out with the bathwater," he said.