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In late July, the carmaker scaled down its net profit estimate in the first half of the year to 1.53 billion yuan, which would be a 58.6 percent slump from the same period last year, and had cut its whole year sales target to 1.07 million from 1.2 million.

In his message, Xi pointed out the traditional friendship between China and Spain, saying that the two sides have always respected each other's core interests and major concerns.

In his closing argument, federal prosecutor James Nelson argued that "justice must be done" and asked, "Is this a minimum-sentence case?"

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In late March, the China Securities Regulatory Commission approved the establishment of JP Morgan Securities (China) Co Ltd and Nomura Orient International Securities Co Ltd, which are joint-venture securities firms with the foreign company taking the controlling 51-percent stake. UBS Securities was the first to get such approval in China at the end of last year.

In his message, Xi said he made the decision to launch the China-Switzerland Year of Tourism together with his Swiss counterpart, Doris Leuthard.

In his speech, Liu discussed the 19th National Congress of the Communist Party of China which concluded last month, and the meaning of China's "new era" and opportunities to strengthen China-UK ties.

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In its financial report released on Wednesday, the world's largest social media company boasts 1.45 billion daily users and 2.2 billion monthly members, both an increase of 13 percent year-over-year.

In order to intensify innovation in the fintech sector, joint laboratories will be set up to facilitate digitalization and intelligent transformation.

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In order to pick candidates for the Legislative Council election in September, the opposition camp held the event over the past weekend at polling stations across the city.

In its World Economic Outlook updated Wednesday, the IMF, which also stressed the need for global cooperation to deal with a truly global health crisis, predicts global output will contract by 4.9 percent this year, worse than the 3 percent drop it had forecast in April.