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Leshi's actual controllers may change. LeEco founder Jia Yueting holds 1.024 billion shares of the company, accounting for 25.67 percent of its total shares, of which 1.0195 billion shares (99.5 percent) have been pledged to financial institutions.

Lenovo and JD said they aim to sell 80 billion yuan (.04 billion) worth of consumer electronics in three years, up from the 60 billion yuan target they promised last year.

Letting enhanced unemployment benefits expire or even renewing them at a lower amount will be a "significant hit" to the US economy, said Mark Zandi, chief economist of Moody's Analytics.

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Li Zhanshu, chairman of the Standing Committee of the National People's Congress, also met with Biya on Friday in Beijing. Biya congratulated him on his new post.

Li also said that Sino-US trade frictions have had some impact on the country's foreign trade, but the impact is "largely controllable". "Our foreign trade as a whole continued to expand as the world remains optimistic about the potential of the Chinese market," he said.

Li Mingyuan was elected mayor of Xi'an, capital of Northwest China's Shaanxi province, on Monday.

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Li Fengmei, vice-president of Chinese leading lithium battery maker BAK Battery, said the company will provide the electric drive system for three generations of Hellobike's e-bikes. He added that the two partners will cooperate in the future through new projects, joint research, product testing and certification processes.

Li also voiced hope that with the joint efforts from both sides, their traditional friendship will continue to bear fruits.

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Li added that all the services will be provided in compliance with laws and regulations.

Li attributes Geely's transformation to the country's reform and opening-up policies, which have offered many Chinese companies more market-oriented and flexible economic policies to grow. More importantly, they were enabled to participate in global trade.