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Thanks to the latest shakeout, companies with mediocre returns and short track records closed down, said Chen Jing. The number of excavator producers operating in China has declined from 100 to 20 within five years, he said.

That gives Apple a strong incentive to move away from third-party cloud providers. The company has been building?data centers?around the world, so it has likely been thinking about moving away from Amazon for a while.

Tesla is growing its market share, as its Shanghai factory started to deliver Model 3 sedans earlier this year. Traditional Chinese and international carmakers are moving quickly to speed up electrification.

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Thabo Mokoena, director of the Department of Mineral Resources of South Africa, said Chinese companies' branches in South Africa have created more jobs and enhanced infrastructure.

That includes cooking utensils, digital cameras and, yes, even baby strollers. The company has partnered with more than 20 retailers for the new product lines, including Wayfair, Abe’s of Maine and School Specialty.

Teng Jianqun, director of the Department of American Studies at the China Institute of International Studies, said recent US remarks on China show that the country is still employing "Cold War thinking and zero-sum game theory".

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Tetsuo Kuramitsu, board director of SoftBank C&S, said the partnership will enable an efficient and green transport solution in Japan.

Tencent saw its market value shrink by billion as its shares slumped 4.13 percent in Hong Kong on Tuesday, after the People's Daily accused the game of injecting "negative energy" into society.

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Tesla Inc recorded several firsts when it broke ground on a car manufacturing plant in Shanghai on Monday afternoon. The 50 billion yuan (.3 billion) plant is the company's first factory outside the United States and the first automobile production project wholly owned by foreign capital in China.

Tenants of the building enjoy direct access to six subway lines from the lobby, while entry to the new Fulton Center/World Trade Center transit complex lies just two blocks to the north.