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The country's industrial structure has continued to optimize and its economic growth has been driven by consumption, investment and export. At the same time, China has recorded the largest foreign reserve in the world.

The data center in Southwest China's Guizhou province invested by the US tech giant Apple is scheduled to complete construction in 2020. [Photo/news.gog.cn]

The court also fined Chang 500,000 yuan (around ,850) and ordered his illicit gains to be confiscated.

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The deal, which is expected to be concluded within this year, will help Volkswagen gain management control of JAC Volkswagen, paving the way for more electric car models and infrastructure.

The current task is to help them get accustomed to and fit in the new life and pursue prosperity, Wang Aiwen, vice minister of civil affairs told a press conference.

The court heard the case in December and handed down the judgement earlier this week.

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The deal, via a solely-owned subsidiary, is the company's first overseas purchase and allows it to own a 99.72 percent stake of Alunna. The deal's value has yet to be disclosed.

The country's imports and exports recovered in April. Its foreign trade amounted to 2.5 trillion yuan, decreasing 0.7 percent year-on-year.

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The country's manufacturing purchasing managers' index came in at 50.3 this month, decelerating from 51.3 in January, according to the National Bureau of Statistics (NBS). A reading above 50 indicates expansion, while a reading below reflects contraction.

The court's verdict is pending. However, Li's family has said it was unsatisfied with Ele.me's defense and the behavior of its representatives.