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Without a doubt, Africa will, with sincere and strong support from China and the broader international community, be able to manage its balance sheet and create its own economic miracle.

World economic growth may also be affected by possible financial market turbulence caused by expected US interest rate hikes－which could lead to currency depreciation and monetary crisis in other countries, debt defaults in some high-debt-level countries, and possible asset price slumps in other countries as a result of the slowing US economy, the book said.

With the those bright prospects comes fierce competition. "China now has some 200 battery-makers, but only 40 or 50 will survive three to five years later and the top five will hold at least 70 percent of the market", Fang Jianhua, former head of Guoxuan High-tech Power Energy told the Securities Daily.

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Wong Kam-leung, chairman of the Hong Kong Federation of Education Workers, also termed the HKU decision reasonable.

With train tickets for Feb 15－Lunar New Year's Eve－going on sale online on Wednesday, hundreds of millions of Chinese will try every means to buy themselves a seat for the journey home.

Wong said Najib's conviction is a time of soul-searching for UMNO, noting that not all party members support Najib.

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Wu said Guangzhou's government has always attached great importance to the utilization of foreign capital and the more than 20,000 foreign-funded companies in the city have played a big part in the economic development of the southern metropolis in previous years.

Workers of Karavai-SV bakery present their cakes and breads at the annual Golden Autumn agricultural exhibition in Moscow, Oct 8, 2015. [Photo/IC]

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Wu said China urges the DPRK to take seriously the demands of the international community and refrain from any further tests.

Within the year or early next year, the Chinese people will probably be able to buy the Tesla Model 3 produced in Shanghai, he said.