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Strengthened guidance and regulations are needed for the healthy development of the industry, the CAC said.

Stressing on why Chinese market should be focused, Lakpa said that Chinese are among the climbers who spend lavishly for the guides. "They spend more than Western climbers in most cases. They also give handsome tips to their guides," said Lakpa.

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Such a strategy will be replicated in Hong Kong, where the company plans to steer clear of splurging on outdoor advertising but instead touting for business via less expensive online advertisements, Zhao noted.

Su also pointed out that the company will focus on key emerging markets to apply advanced technologies and products in burgeoning fields including electric vehicles, renewable energy and the internet of things.

Stock market players have sought to allay concerns about the impact of the Aug 8 killer Sichuan quake on the fortunes of listed companies based in the province.

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Such a strategy by the Democrats is meant to sway public opinion, but the process has so far had little impact on potential voters, two US researchers said. However, an impeachment, which ultimately may not lead to Trump's removal from office, would be a "serious stain" on his presidency, one of the researchers said.

Stricter eligibility criteria have kicked in to ensure only quality companies get to raise funds from investors, said Li Daxiao, chief economist at Shenzhen-based Yingda Securities.

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Su Yong, a professor of business management at Fudan University's School of Management in Shanghai, said people should not read too much into the ranking.

Still, despite its efforts consolidation in the industry is likely, Legere said.