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With the move, Grainger China has transformed from a foreign-funded unit to a Chinese-owned company, which can help it better base itself in China and provide customers with more localized products and services, said Xiong Hao, executive director of Sinovation Ventures.

With the rapid increase of cross-border online packages, the center will use robots to further improve productivity in the future.

With sales of 6.4 billion euros (.11 billion) in 2018, the company currently has 29,000 employees and is present in over 70 countries and region across the world.

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With the COVID-19 outbreak bringing fresh difficulties and challenges, more arduous efforts are needed in poverty alleviation, the statement said.

With the boom of new business patterns and popularization of internet in rural areas, mobile internet access traffic continues to maintain a rapid pace, witnessing a 71.6 percent growth to 122 billion GB in 2019. The average monthly traffic usage reached 7.82 GB per subscriber, with a year-on-year growth of 1.69 folds,while the number hit 8.59 GB in December, ranking highly among the world.

With more than 40 dams across the state, WaterNSW supplies two-thirds of untreated water to the state's water utilities, which then treat and clean the resource to provide drinking water to cities and regional towns.

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With market resources concentrating on leading companies, certain "risks and hidden dangers" have surfaced in the development of the online economy, according to a commentary in People's Daily on Thursday.

With the gradual resumption of work and production amid the global spread of COVID-19, companies around the world need to have a clear plan for pursuing sustainable development in a bid to cope with the new situation and drive corporate transformation, said a report by Russell Reynolds Associates and the United Nations Global Compact.

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With its full operation, ACIC will focus on designing, testing and certifying new technologies related to five key areas of the hardware lab, cabin experience, connectivity, manufacturing innovation and urban air mobility (UAM).

With the development of cross-sector, cross-market comprehensive operation of financial business, China's shadow banking sector saw a rapid rise after 2008, increasing the level of financial leverage, falsely encouraging funds to remain idle within the financial system, and concealing the real situation of banks' asset quality, said the report published on Friday on the WeChat official account of Financial Regulation Research, a Beijing-based monthly journal.