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The most important common ground between China and the United States is on the opportunities that both economies provide for each other, to expand businesses and to expand economic impacts, said Stephen Roach, senior fellow at Yale University and former chairman of Morgan Stanley Asia.

The ministry, for example, will inspect whether there are wrongdoers that misappropriate assets or profit through unreasonable expenses for activities and management.

The ministry's move followed a US Commerce Department announcement earlier this week that it was starting new investigations to determine if steel wheels from China are being dumped in the US and whether manufacturers in China are receiving subsidies.

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The move was one of the largest rounds of fundraising in the global online education sector, which helped the company become the country's only education startup valued at over 20 billion yuan ( billion).

The move also encourages the research of new energy car battery recycling and supports cooperation between research institutions and companies in the industry.

The move, announced this morning, gives Amazon a new beachhead in the world’s most populous nation, and steps up the company’s rivalry with competitors including Alibaba, the Chinese e-commerce and cloud computing provider. Microsoft expanded its Windows Azure cloud computing platform to China earlier this year.

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The move marks an accelerated push by China in 5G application. Its previous plan was to commercialize the technology in 2020.

The most pressing being the fact that Japan is in the middle of battling the novel coronavirus pandemic and the nation losing its leader during this major global crisis is less than helpful.

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The move also came after the company gained more than 100,000 customers in Singapore within just 100 days, an experience which gives it confidence in accelerating overseas expansion, despite mounting competition from rival Mobike Technology Co Ltd.

The mission concluded in Shanghai, where the minister and delegation met with key representatives from Ctrip, one of China's largest online travel agencies, and Fosun, a Chinese conglomerate that operates several multinational tourism operations.