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Significant stock sales by top corporate executives are often made based on a schedule set out in advance.

Shi said the reason for the huge increase of plug-in hybrid sales was that they meet the demands of customers.

Shoppers buy vegetables at a supermarket in Fuyang, Anhui province. LU QIJIAN/FOR CHINA DAILY

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Similar production flows are being utilized for lychees, grapefruits and oranges.

Shoppers from home and abroad swarmed to Alibaba’s diverse arms, including the Tmall online site, Fliggy travel agency, as well as delivery service Ele.me, and scooped up everything from electronic devices and imported cosmetics to flight tickets and discounted delicacies.

Sichuan cuisine, one of the major cuisines of China, is known and loved across the globe, especially for its numbing and spicy flavors, but it's actually a great deal more than that.

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Shin Jong-kyun, a former president and head of the IT & mobile communications (IM) division, was promoted to vice-chairman responsible for nurturing Samsung's future leaders.

Since 2015, four rounds of tariff cuts have been conducted for daily consumer goods, such as sunglasses and diapers, to lessen the number of consumers shopping overseas.

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Shu, 51, along with 11 others from the company, pleaded guilty to criminal charges related to organizing and leading a pyramid scheme, the Tianjin Wuqing District People's Court said on Monday. The sentence will be announced at a later date, the court said.

Similarly, estimated valuation of a coffee brand grew five times to reach 1 billion yuan after coming onboard ToJoy. "Rapid expansion is good for startups that wish to get listed and raise further capital," Ge said.