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The company said it began setting up branches in the United States and Germany in 2014, with its overseas projects accounting for 60 percent of its business in 2018.

The company introduced its third generation hearing aid Lyric in the United States and European markets recently to help alleviate symptoms of tinnitus. It is the only hearing aid on the market designed to be worn 24 hours a day for months at a time, making it a valid choice for a tinnitus management program.

The company took 80 measures to reduce the vehicle's weight by 1.8 metric tons to 33 tons, which was a major reason for the Chinese train maker to win the deal instead of US companies.

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The company is the latest of China's wireless carriers to have revealed better-than-expected performances last year, which may reduce some financial pressure as they are ready to build the network for 5G, or the fifth-generation mobile communication technology, experts said.

The company's lineup already includes the low-end Nokia 3 and Nokia 5, the mid-range Nokia 6, and the high-end Nokia 8. Priced at 7 for 4GB storage, Nokia 7 went on sale in China last week. HMD Global has yet to confirm when the handset will be launched in other markets across the globe.

The company's announcement came after a meeting of the Political Bureau of the Communist Party of China Central Committee, the Party's core leadership, on Wednesday. The top leadership said China will continue to proactively attract foreign investment and safeguard the legitimate interests of foreign-invested businesses in order to shore up the economy.

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The competition was part of a hi-tech conference for overseas Chinese in western China jointly organized by the Overseas Chinese Affairs Office of the State Council and two other bodies.

The company is selling its SUVs and pickup trucks in more than 50 countries and regions worldwide.

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The company said it would deepen the application of "5G plus big data" in emergency management and public health prevention and control.

The company's net profit increased 8.4 percent to 7.87 billion yuan in the first half of 2017, compared with the same period of the previous year, due to the improved infrastructure construction business. Its revenue grew 3.8 percent to 189.28 billion yuan for the reporting period. Basic earnings per share increased to 0.43 yuan, compared to 0.4 yuan for the corresponding period of 2016.