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The company announced that it will devote resources worth 200 million yuan (.32 million) to strengthening cooperation with third-party companies, such as home appliances maker Midea, to build a vibrant IoT ecosystem.

The committee recently concluded four days of public hearings on the nomination and the panel's Republican chairman, Chuck Grassley of Iowa, scheduled a Thursday vote on whether to recommend that the full Senate confirm Kavanaugh for a lifetime appointment to the nation's highest court.

The company also allows clients to take a car from one place and return it to another, providing more convenience for users.

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The company has invested heavily in economies involved in the initiative, with the production capacity of its projects surpassing 1 gigawatt, the equivalent of 1 billion watts.

The company has performed numerous public demonstrations of the viability of electrically powered vertical take-off and landing aircraft, most recently completing a flight at Helsinki International Airport.

The company has more than 200 engineers at its Shanghai research and development center to create new products and solutions tailored for the Chinese market.

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The commission is mulling how to include more qualified central SOEs in the pilot project for forming such special-purpose investment vehicles, and would encourage local SOE regulators to follow up, Weng said.

The closure of the plant, owned by Huaneng Group, one of China's five power generation giants, will help to cut 1.76 million metric tons of coal use annually.

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The company aims to hold 51 percent of the new firm's stakes and submitted application materials to China's top securities watchdog, the China Securities Regulatory Commission (CSRC), on May 8.

The company has been implementing a "brand globalization" strategy since 2006, and maintained a rapid development worldwide, with its compound annual growth rate reaching over 20 percent in overseas markets.