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Guo Shuqing, chairman of the regulatory commission, said in an earlier interview that banks should face difficulties together with enterprises to avoid dire results by suddenly cutting off loans. It is also a way to reduce losses from debt defaults, he added.

Gui said that Autel is a shining example of leveraging technologies. Its Tire Pressure Monitoring System, for instance, has been applied with advanced sensors and tools, which can enable a specialized vehicle diagnosis.

Guangdong was said in April to be Tesla's choice after Tencent Holdings Ltd, which is headquartered in the province, bought a 5 percent stake in Tesla for .8 billion a month before.

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Gui made the remark in an interview with a Swedish news media outlet, according to a transcript the embassy released on Tuesday.

HNAIF has been watching investment opportunities in Thailand and the entire ASEAN region, said Qi Guanghui, the company spokesman.

Guo noted that the policies might lead scrap steel dealers to stock up in the short term, but in the long term, the market will remain stable.

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HONG KONG - A Chinese official said here Wednesday that China will continue to go global in this new era with new opportunities brought to the world, especially to Hong Kong.

HANGZHOU - China's e-commerce giant Alibaba said Wednesday that its revenue for the fiscal year ending March 2019 surged 51 percent year-on-year to 376.84 billion yuan (.78 billion).

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Guo Ce, the economic counselor of the embassy of China in Kenya, said the expo is a unique platform for the business community from both countries to cooperate with focus on manufacturing.

Guangzhou police have set up 41 stations to manage expat-related affairs in communities that house more than 500 foreigners, in an effort to upgrade services.