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Geely, one of the most successful carmakers in China, has been on a shopping spree in recent years.

Global car sales by South Korean automakers fell in 2017 partially on low demand in the Chinese market, according to industry data.

Global firms also should apply policy measures introduced by the government to support their business growth in accordance with the law, and participate fairly in the setting of industrial standards and government procurement activities, said Li Yong, deputy director-general of the China Investment Promotion Agency.

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Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington, said the trade war has damaged business confidence, cutting into capital expenditures.

George Lin, chief financial officer of Hua Medicine, a diabetes-focused drug developer, told Reuters on Wednesday that according to the most recent market research there were more than 110 million diabetes patients in China alone.

Given high public attention on the operation, the police also allowed reporters from 15 media outlets to cover the operation in a short distance in a bid to improve the transparency of the law enforcement, chief superintendent of police public relations branch Kwok Ka-chuen said.

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Genghis Khan Airlines and Chengdu Airlines have signed a cooperation framework agreement to facilitate the scale operation of the civil aircraft, COMAC said.

Global credit rating agency Fitch Ratings announced last Thursday it has assigned the Asian Infrastructure Investment Bank its highest possible rating - AAA with a stable outlook.

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General He Lei (left), vice-president of the Academy of Military Science of the Chinese People's Liberation Army, and Hajit Sajjan, Canada's defense minister, attend the 17th Asian Security Summit of the International Institute for Strategic Studies Shangri-La Dialogue in Singapore on Saturday. [ROSLAN RAHMAN/AP]

Ge Guoxing, vice director of the department, said more events would be held to help companies in Guangdong, an economic powerhouse in South China, better find workers after Spring Festival.