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He said that when one-off costs were stripped out Fonterra recorded a net profit of NZ8 million, down 36 percent year-on-year.

He said the market needs more regulation to sustain its fast growth and attract more foreign companies.

He said the firm is still completing its investigation, but he expects the case to be filed in Los Angeles Superior Court in seven to 10 days.

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He was among those chosen for the first round of the Ministry of Environmental Protection's yearlong anti-pollution inspection of 28 cities in the Beijing-Tianjin-Hebei region and surrounding areas.

He said the benefits are becoming apparent to people in every corner of the world, including in China, which even has a yoga school in the Southeast province of Yunnan.

He said the ministry also gives support to local departments and scenic spots to help them solve problems, lowering negative influence the epidemic has brought.

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He said the outbreak is expected to increase market share for e-commerce players and force retailers to roll out new measures in the challenging times.

He was in Hong Kong for the 13th Asian Financial Forum. The Hong Kong government and the Hong Kong Trade Development Council organized the two-day event.

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He stressed that, as China opens its market wider, the aviation sector will offer new opportunities for both countries, and he encouraged aviation companies from both sides to seize opportunities and build a closer partnership, especially as the world faces "certain protectionism".

He said the office is "supporting and fostering programmatic articulation agreements with overseas institutions, particularly in China. We have three university faculty members in China this week."