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Ge Junjie, deputy chairman, said during Brazil-China Agri-Food Cooperation Forum held in Shanghai on Tuesday that Peng Xin will set up a soybean production factory in Brazil with an annual capacity of 10 million metric tons by the end of this year. With this base, Peng Xin expects to export more Brazilian soybeans to the Chinese market.

Gasoline consumption increased by 5.9 percent and aviation kerosene consumption by 10.8 percent, indicating strong demand for business and tourism travel. Diesel consumption grew by 6.1 percent, continuing a sustained recovery since last year, showing a rebound in demand for oil in industries such as infrastructure construction, transportation and logistics, and industrial production.

Geng is absolutely right. The US spends more on its military than at least the next eight countries, including China and Russia, combined.

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GeekWire has been talking with city officials and business leaders to find out what they make of the announcement, which took everyone by surprise this morning — including, it seems, many of Washington’s top lawmakers.

Ghosn, who holds Brazilian, French and Lebanese nationality, is accused of under-reporting his remuneration for years and for embezzling company funds. He has denied all the charges, claiming company insiders conspired against him.

Global sales of electric passenger vehicles are forecast to fall by 18 percent year-on-year to 1.7 million in 2020 as the coronavirus crisis has interrupted the 10 successive years of strong growth.

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Global membership warehouse club retailer Costco Wholesale Corp is scheduled to open its first brick-and-mortar store in the Chinese mainland on Aug 27, posing a strong threat to Walmart China's cash cow, Sam's Club, in a battle to win over the country's high-end consumers.

Geely sold 1.25 million vehicles in 2017, up 63 percent year-on-year.

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Given the ongoing drastic changes in the global financial and economic environment, China needs to take more flexible measures to tackle risks and challenges in developing the domestic financial market, and to seek innovation at the same time, Vice-President Wang Qishan said in a video speech at the summit.

Given the rapid growth of Wuxi's IoT and manufacturing industries, the city was named China's first pilot area for developing IoV, which is seen as the key to relieving pressure on transportation systems, reducing energy consumption and minimizing carbon emissions.