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Global supply chains

Geely dropped 13.8 percent year-on-year to 563,000 units in the same period.

Given the tougher cooling measures, analysts predicted that home prices will continue to cool in coming months and there will be more intensified policies due to price rises in some third-tier cities.

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Gas production increased 10 percent during the period and accounted for 70.3 percent of the country's total natural gas production. It is the first time its gas output posted double-digit growth in 10 years, the company said in a statement on Thursday.

Global credit rating agency Moody's raised its growth forecast for the Chinese economy this year to 1.9 percent from 1 percent in a report on China's economic recovery earlier this week, representing the firm's only upward revision of growth of major economies in 2020.

Given that, all I have to say is watch this space. With two well known and well capitalized giants going at one another, I anticipate plenty of fireworks in the coming months.

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Global firms also should apply policy measures introduced by the government to support their business growth in accordance with the law, and participate fairly in the setting of industrial standards and government procurement activities, said Li Yong, deputy director-general of the China Investment Promotion Agency.

German car maker Daimler AG is in talks with Zhejiang Geely Holding Group Co to set up a 50-50 ride-hailing and car-sharing joint venture in China, which, if it works, is expected to cause a stir in the industry currently led by Didi Chuxing, according to a report by Bloomberg.

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Gizmodo reported that Dyn, a DNS host, was investigating two separate attacks that caused huge outages and prevented customers?from accessing a number of widely-used services. The initial attack started early Friday morning.

Given that national security needs to be further guaranteed, he said, "We're planning to draft laws on export controls, data security and bio-security in order to strengthen the capacity to prevent security risks."