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GAC's vehicles will be used as the official cars for the event.

Gao Yan, a professor at the Guanghua school, said start-ups can hone their internal skills in accordance with scientific management processes. Tech companies can work hard to build their technical moats and traditional enterprises can embrace digital technology to create new opportunities.

GAC Motor, which was founded in 2008, focuses on research and development of homegrown vehicles. It sold more than 380,000 cars in 2016, a year-on-year increase of 96 percent, making it become one of the fastest-growing domestic brands.

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Fu argues that singletons who are rich tend to focus more on themselves and life quality, but those with low income may not be willing to spend.

GAC Group, one of the leading automotive manufacturers based in Guangzhou, has become a chief cooperative partner of the forum, providing official cars during the forum.

GUANGZHOU -- Twelve crew members went missing early Monday after two cargo ships collided off the coast of South China's Guangdong province, said local maritime search and rescue center.

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Further examinations including cardiac magnetic resonance imaging and echocardiography showed that she had fulminant carditis, said a doctor from the center, and the disease has the highest mortality rate among lethal forms of carditis.

Gao Cheng, a former veteran private equity investor from Hong Kong, is also digging for gold in the recycling industry. She founded a startup EcoEasy in July, and wants to introduce biodegradable food containers into the fast-growing food delivery market.

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Full steam ahead

Gan Yong, president of the Central Iron & Steel Research Institute. [Photo/China Daily]