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We are also required to manage multiple relationships with various vendors, customers and other third parties. Further growth of our operations, our vendor base, our fulfillment centers, information technology systems or our internal controls and procedures may not be adequate to support our operations.

We think that China's insights and practices for developing its digital economy, including the government's guidelines to encourage market players' innovation, can be taken as a good reference for the rest of the world.

Wanxiang is one of the numerous Chinese companies that have gone abroad since China's reform and opening-up. The cumulative Chinese foreign direct investment (FDI) in the United States totaled 0 billion from 1990 to 2017, while the cumulative value of US FDI transactions in China during the same period reached 6.5 billion, according to a joint report by the National Committee on US-China Relations (NCUSCR) and the Rhodium Group, an independent research provider, released in April.

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We will further widen market access for foreign investment. The management system of pre-establishment national treatment plus a negative list will be implemented across the board. By the end of June this year, we will have released the newly revised negative list on the market access of foreign investment in general and that for pilot free trade zones, together with the catalogue of encouraged foreign investment industries. The negative lists will be further shortened. Modern services sectors such as value-added telecommunications, medical institutions, educational services, along with transportation, infrastructure, and energy and resources, will be opened wider. Our negative lists will only be shortened further, and areas that are not on the lists will all be deemed as fully open. We will treat businesses of all types of ownership equally, and exercise impartial regulation to level the playing field for domestic and foreign-invested companies so that they can grow their businesses side by side. We will also promote trade facilitation at a faster pace. By overhauling fee structures and rationalizing working procedures, we will notably reduce the customs clearance costs this year and make the process more efficient. All this will help boost foreign trade.

Wayne Morrison, a specialist in Asian trade and finance at the Congressional Research Service, said Ross and others in the Trump administration may see themselves not being "protectionist" but rather seeking to level the playing field for US firms and workers.

Washington on Friday briefed Beijing on the Hanoi summit over a phone call, saying it will remain in contact with Pyongyang.

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We are steadily moving toward a Smart City in which integrated technology solutions, AI, real-time analytics and smartphones work together to deliver information and services. Indeed, Volkswagen is working with Tongji University in Shanghai on a pilot which will explore this area of (connectivity) when people need it－in our homes, cars, shopping, relaxing or at work.

Water technology provider Xylem aids nation's development with its solutions

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Wang was visiting Brussels to meet with EU officials during a European tour that also took him to Slovenia and Spain, where he attended the 14th Foreign Ministers' Meeting of the Asia-Europe Meeting in Madrid.

Warren Buffett. Photo via Wikipedia