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Promoted by the government and boosted by the industry, NB-IoT business's explosive growth is expected to first happen in China, a researcher of China Unicom Labs told Shanghai Securities News.

Profits soar 135% on showpiece line built with Chinese backing to serve East Africa

Proposed by China in 2013, the Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa based on ancient land and maritime trade routes. Analysts believe opportunities are sprouting for global businesses to increase their presence and investment in the to-be-booming regions where public facilities still lag behind.

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Problems arise due to the fears those global industry leaders have about losing their competitive edge, as China's growing innovative power will break their monopolies on technology.

Previously on GeekWire:?Ready, Indian food fans? A Vij’s offshoot to open in ‘Amazonland’ with help from Paul Allen

Prime Day is almost here! Huge thanks to the hundreds of thousands of folks around the world getting ready for a spectacular Prime Day event and kickoff to the Holiday Season! ???????????????? pic.twitter.com/6119o1yiFF

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Profit-led private schools can be established with funds raised through issuing shares and bonds and setting up public welfare funds, according to the Ministry of Education.

Products from Japan, the United States and South Korea were the most popular with customers shopping for imported goods via Tmall Global, the platform's cross-border arm. The most sought-after categories included nutrition supplements, facial skincare products and infant formula.

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Prior to the talks, Xi held a welcome ceremony for Jeenbekov outside the East Gate of the Great Hall of the People.

Professional third-party agencies should step in and play a role to ensure that green funding goes to green projects, she said.