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Sears Holdings Corporation, which operates both Sears and Kmart, also said it would remove any merchandise bearing the symbol sold by third-party vendors online, according to CNN. CNN checked with Target, but it already wasn’t selling?related merchandise.

Seeking to excel in innovation, tech firms like Huawei are investing like crazy.

Second, the regulatory principle that "houses are for living, not for speculation" will remain the keynote. Though the new form of rate cut may more effectively loosen credit conditions, it cannot eliminate the effect of real estate in crowding out loans to other sectors. Therefore, regulatory tightening on the real estate market will remain on course. Authorities may further narrow the channel of loan resources flowing to property markets so that SMEs can secure funding more easily.

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Separately, the United Kingdom announced on Jan 28 that it would allow Huawei to participate in the non-core part of its 5G networks, with a 35 percent cap on market share.

Senior Chinese leaders have declared that the private sector has been an indispensable force driving the country's development over several decades. Private companies contributed 60 percent of GDP growth and 90 percent of new jobs and new firms, according to the All-China Federation of Industry and Commerce.

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Seven years ago, Wang said he could not imagine himself being a beneficiary.

Seven months later, the two parties formed a joint venture called Thomas Cook China, in which Fosun holds the majority 51 percent stake while the rest is held by the Thomas Cook Group. The brand name Thomas Cook China was officially launched in September 2016.

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Separately on Friday, the Supreme People's Procuratorate formally arrested Wang Xiaoguang, former vice-governor of Guizhou province and Zhang Shaochun, China's former vice-minister of finance, on suspicions of corruption and bribery.

Seven months ago, Wang was an ordinary student in remote Yingshang county, Anhui province, where he had been left behind to live with his grandparents after his father and mother went away for work.