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He also estimated in 2025, the share of fossil energy in China's cumulative installed power capacity will decrease to 47 percent from the current share of 58 percent, while the share of renewables will increase to 50 percent from 39 percent.

Hawaii tourism authorities launched more than 300 new travel products aimed at attracting Chinese tourists to the US state at a promotional event in Beijing in mid-April.

He added the company had made a decision to merge its smartphone and VR departments so the two can join forces in developing next-generation products.

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He also owns The Washington Post, which he purchased in 2013, and Blue Origin, an aerospace company.

He added that the rise of internet-model coffee players, which have subsidized coffee prices and primarily offer delivery coffees, have attracted new consumers from Starbucks.

He also called to strengthen the two sides' cooperation in scientific and technological research to help address the shortage of water resources, water ecology damage and water environmental pollution.

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Having been in China for more than 20 years, the Swedish manufacturer of vehicles, engines and construction equipment hopes to better tap into the country's booming e-commerce sector, and sees more opportunities resulting from the government's growing emphasis on green initiatives, sustainable development and innovation, Lundstedt said.

He also asked staff to coordinate with different reservoirs for the most efficient floodwater containment.

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He also defended the existing framework of the Iran nuclear deal, or the JCPOA, saying it worked to control the nuclear activity of Iran.

Having achieved consistent revenue growth of over 20 percent annually in recent years in China, optical giant Carl Zeiss envisions the country will not only remain a robust growth engine in terms of business, but also rise to be a leader in research and development that will benefit the global market.