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The company aimed to lift railway cargo volume by 30 percent from 2017 levels to reach about 4.796 billion tonnes in 2020.

The company aims to expand its market share in China and enter new markets in Asia, according to its filing, citing the multiple sales and distribution channels as one of its strengths to excel other competitors.

The committee also received evidence from sources in favor of a ban, including Martijn Rasser, a senior fellow at the Center for a New American Security in Washington DC.

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The company has already had to navigate similar issues at its more than 45,000-person urban campus in Seattle. An affordable housing crisis there prompted the city council to adopt a head tax on businesses in May, which Amazon helped overturn in a subsequent city council vote.

The collection belongs to the Minneapolis Institute of Art and is regarded as one of the best collections of Chinese bronzes in the United States, Bray said.

The company also announced on its website that its sales revenue in the first quarter was 2.14 billion yuan, growing 21 percent year-on-year. Its net profit reached 291 million yuan, 14 percent lower than the same period of last year, due to increased financial expenses.

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The comments come close on the heels of global index provider MSCI Inc's decision to add 233 A Shares to the MSCI China Index as well as relevant global and regional composite indexes from June 1.

The comments came as China enters a critical period of 5G network construction and the superfast wireless technology is being widely used in the fight against the novel coronavirus outbreak.

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The commission urged regulators to strictly supervise administrative permissions, information disclosure and penalties to improve the weak links in the system.

The company has accelerated its new product launches in China since the second half of 2019, and expects to double the same in the next five years.