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The remote audio and visual augmented reality can transmit technical problems before the frontline maintenance technicians to more experienced BMW technical experts in real time, which allows for remote group consultation and faster elimination of vehicle problems.

The rent-price ratio is an international criterion in evaluating a city's property market, and predicts the payback period of property investment. A ratio between 1:200 and 1:300 would signal a healthy market.

The regulator urged banking institutions to strengthen their efforts in coaching and fostering small businesses at different phases of their growth. In addition, it also guided the provincial banking sector to provide different financial services for four types of small businesses, namely, micro and small enterprises registered at small business industrial parks, science and technology enterprises, small businesses in upstream and downstream supply chains and labor-intensive MSEs, said Zhang Yourong, spokesman of the CBIRC's Zhejiang office.

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The regulation will offer market guarantees for companies investing or expanding their business in China. Equal treatment will be given to all market entities, whether foreign or domestic, by establishing basic institutional norms in the business environment, according to the new regulation.

The report also said product pipeline license-in and license-out strategies have become a very important tool for Chinese pharmaceutical and healthcare companies to seek more open and innovative R&D models and have a bigger influence in the global industry chain.

The regulation also lists different kinds of behavior that are punishable by law, such as covering up monitoring information or providing it to foreign organizations and individuals without approval.

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The regulator's move comes close on the heels of the Cyberspace Administration of China reprimanding Ant Financial earlier over a default setting on its Alipay wallet, which granted its commercial partners access to users' credit records. Ant had the settings adjusted soon afterward.

The report found that with high degree matching and complementarity in geographical position, society and culture, as well as economical features and development strategy, Laos and China have a broad prospect for cooperation, offering a lot of investment opportunities for their enterprises.

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The report cited the US Department of Agriculture recent forecasts that global consumption would outpace output growth by 2.8 million tons over the marketing years of 2019 and 2020.

The remarks were made at a conference organized by Singapore-based DBS Bank, one of the largest financial services groups in Asia. More than 300 company representatives and investors in the Bay Area participated the forum.