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The move also came after SenseTime announced in April that it had acquired 0 million in its Series C round of fundraising led by Alibaba, setting a record for venture capital funding in the artificial intelligence sector.

The move reinforced views that regulators will continue to tighten supervision on risky areas of the financial sector, according to analysts.

The move is a "full testament" to China's determination and confidence in opening wider to the outside world and promoting foreign investment in the new era, according to an explanatory document on the draft available to the press Friday afternoon.

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The move signals a shift in Amazon’s often complex relationship with its hometown of Seattle, where some civic leaders and citizens have grown wary of the company’s growth and its impact on the rapidly-changing city. Amazon’s expansion has been both a boon and a challenge in Seattle, fueling an economic boom and job growth but also contributing to the region’s rising housing prices and traffic problems. Jeff Bezos started the company in 1994 in nearby Bellevue, Wash., and the company has grown to more than 40,000 employees in the state currently, many of them based in Amazon’s urban campus.

The move came after the company had already secured 15.4 million 5G mobile subscribers by the end of February.

The monitoring work was jointly launched by the local forestry administration bureau of the eastern Tianshan mountains and the World Wildlife Fund (WWF) in September 2018.

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The ministry will work with other government branches to conduct open stress tests for the cross-border delivery of business deals and overseas consumption activities such as enabling local firms to partner with overseas institutions to develop cross-border commercial medical insurance products and giving the green light to foreigners to operate non-vessel common carrier service in the country, said Xian Guoyi, director-general of the ministry's department of trade in services and commercial services.

The move marks the firm's latest move to fulfill its ambitious goal to pedal to 200 cities in 20 countries by the end of this year, as competition with its top rival, Mobike Technology Co Ltd, intensifies in the global market.

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The move also marks that Huawei has joined players including Qualcomm Inc to build server chips based on the ARM architecture for data centers, a booming market dominated by Intel's x86-based processors.

The more numerous and deeper the tunnels, the greater are the challenges faced by the construction team. According to the company, geologic structures are more complicated in deeper areas, where hard rock may easily burst and soft rocks are more likely to be deformed during construction.