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Tetsuro Homma, Panasonic Corp's chief executive officer for China and Northeast Asia, said once the new factory becomes operational, the company's electronic material output capacity would increase significantly. This will help the company maintain a 10-percent growth in sales every year, over the next five years.

That has shifted in the past few years. As Amazon grew to more than 50,000 employees in Seattle, it no longer became tenable for the company to keep its head down and fly below the radar.

Ten-year agreement with mainland has helped many companies on island

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Thanks to the program, three groups of Brazilian students have already had the opportunity to hone their skills in China.

Tennis player Roger Federer releases fashion shoots. [Photo/IC]

Tencent Holdings Ltd posted a major quarterly profit decline on Thursday, in part due to restrictions on new video game approvals and children's play time in China has hit hard on the tech giant's checkbook.

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Thalbauer is the senior vice president in charge of Internet of Things and Digital Supply Chain at SAP, a German-based multinational software corporation.

Teo said that China's efforts in reducing supply chain disruptions will benefit Singaporean companies directly.

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That comprises a PICC P&C premium income of 388.77 billion yuan, up 11 percent year-on-year, along with decreases for PICC Life and PICC Health –down 11.8 percent and 23.1 percent in premium revenue to 93.73 billion yuan and 14.80 billion yuan, respectively.

Thai media showed photos of people rescued from one of the boats in large rubber life rafts at sea, with fishing boats and churning water in the background. They also showed survivors being lifted from the rafts and sitting in their life jackets amid ropes on the deck of what appears to be a fishing trawler.