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Other causes he cited for the optimistic projection included a later-than-usual Spring Festival holiday, the rise in sales of premium vehicles and efforts from international brands' Chinese joint ventures to introduce new NEV models for 2021.

Opening-up should be a two-way thing, and when a country closes its door to other countries, it also blocks its own way out, Li pointed out. He said he hopes Germany sees Chinese enterprises as trustworthy friends and treats them as equals.

Opening means seven Chinese banks represented in capital

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Orange County Sheriff Jerry Demings described Neumann as a disgruntled ex-employee but said it was not clear why he was fired or what prompted his actions. He was not linked to any militant organizations, the sheriff told reporters.

Other major investors include Sequoia Capital, GIC, Canada Pension Plan Investment Board, Trustbridge Partners, Tiger Global Management, Coatue Management and China-UAE Investment Cooperation Fund.

Only 7,356 expats have received permanent residence since the program was launched in 2004.

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Oppo, previously known as a pioneer in writing big checks to hire celebrities as product spokespeople, is now pouring more resources into research and development, in the hope of sustaining its competence.

Other banks that obtained regulatory approval for the establishment of wealth management subsidiaries are pushing forward with preparations for opening, the commission said. The regulator also has accepted applications from multiple commercial banks to set up their own wealth management subsidiaries.

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Other measures to take in order to strengthen consumption and enhance people's livelihood include developing contactless transaction services, promoting the integrated development of online and offline consumption, boosting urban and rural consumer markets, implementing a paid vacation system, boosting holiday consumption, improving the consumption environment and strengthening consumer rights protection.

Other countries should not, and they cannot, discourage China's cooperation and exchanges with those countries, he added.