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The company invested quickly, and established a local production team in Poland, and actively explored the local supply chain resources. Six years of struggle and persistence paid off. Nuctech succeeded in overcoming the impact of the financial crisis, and gained a strong foothold in the European market.

The company ranked second among the top 500 non-State owned enterprises in China with revenue of 557.9 billion yuan (.5 billion) in 2017, after Huawei Technologies Co, according to data released by the All-China Federation of Industry and Commerce in late August.

The company is willing to work with other Chinese manufacturers in setting technology standards, including 5G standards, as the unification of standards translates innovation into revenue, it said.

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The composite Caixin PMI, which combines manufacturing and services indexes, was 53.7 in January, up from 53 in December, the highest in seven years. Analysts said it is an indication of stable growth in the world's second-largest economy.

The company intends to make its point-of-care testing available by March 30, according to the FDA.

The company wants more consumers, as well as its industrial counterparts, to know Orion is not just a snack company only but also a comprehensive food provider. It plans to introduce more products to China over time.

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The company said in a statement that the decision was made "for the purpose of expressing their confidence in the long-term value of the company".

The company, which is based in Southwest China's Guizhou province, has also set a target of 50.5 billion yuan in net profit this year, up 10 percent compared with last year, according to a conference held by Kweichow Moutai Group.

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The company's exclusion from the 5G mobile network comes after Australian Prime Minister Malcolm Turnbull highlighted the strength of Australia-China relations in a speech two weeks ago.

The company’s Aliyun cloud-computing subsidiary announced the move overnight, describing it as part of a new effort to serve customers?globally. A spokeswoman says the company “will initially target Chinese enterprises based in the United States with the plan to gradually expand its products and services to international clients in the second half of this year.”