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The combined effect of a rising dollar and higher borrowing costs has pared demand in key emerging market economies and made investors shun risky assets aligned with the global economy, including crude oil and equities.

The company also plans to cooperate with the authorities from Baoding, Wuhu, Chongqing and Shanghai to build smart cities with its AI-powered technologies.

The commencement of work at the park also marked the beginning of Shandong Hongqiao's two-phase relocation of 30 percent of its smelting capacity, totaling 2.03 million metric tons annually, from Binzhou city, Shandong province, to the hydropower-rich prefecture bordering Vietnam, in pursuit of green capacity and more presence in the Belt and Road related markets. Shandong Hongqiao is a sister company of Weiqiao Pioneering.

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The commerce ministry will work to help foreign trade companies pull through the hard times with more targeted measures, for instance supporting exporters to sell their goods on the domestic market and keeping the global logistics chain stable and smooth, he said.

The company has three vehicle plants and an engine factory in the country.

The committee was deeply saddened by the news and would extend its condolences to Gao's family, it said in a microblog statement posted on Thursday.

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The company declined to comment on the force majeure, but said production would be knocked out for about eight weeks.

The collaboration brings together the leading expertise of Tsinghua University in infectious disease research and immunology with Boehringer Ingelheim's experience in the development of novel therapies for patients suffering from diseases with high unmet medical need and its comprehensive research and development programs in cancer immunology and immune modulation.

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The commission also encouraged local governments to improve the function of issuing certificates online, instructing companies to print out approval, ratification or registration certificates or delivering certificates to companies by mail.

The commission also assigned special inspectors and supervisors to identify improper behavior on subway trains.