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The economist says the factor behind the rise is people moving to the city to work in intangible industries such as marketing, branding and software design.

The eight-month sales surpassed the full-year figure of 70,320 units of 2016. Qi Jun, president of the Beijing-based CCMA, said the excavator segment will likely continue to grow robustly in the second half of this year, given China's ongoing railroad, highway and airport projects in lower-tier cities, as well as urbanization.

The equipment will be used to protect workers and keep British Steel's Scunthorpe-based steelworks operational during the COVID-19 crisis, which has forced the UK into lockdown. Blast furnaces must be kept on for 24 hours and cannot simply be turned on and off if the pandemic forces workers off site, a source close to Jingye told The Guardian.

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The event aims to increase cultural exchanges, enhance cooperation between Belt and Road countries, promote mutual benefits and improve cultural integration between China and other countries, she told reporters during a press conference in Shenzhen on Wednesday.

The environmentally friendly alternative is offered by the Israeli firm, which said it is in negotiations with several car manufacturers but did not disclose the names.

The downside of such a safe asset is its high transaction price. The transaction broke the record for a single UK asset, surpassing the 1.175 billion pounds paid by the Qatar Investment Authority to acquire the HSBC Tower in Canary Wharf in December 2014.

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The efforts have borne fruit. In the Global Financial Centers Index (GFCI 27), jointly released by the Shenzhen-based China Development Institute and United Kingdom-based independent think tank Z/Yen Partners in March, Shanghai ranked fourth among world financial centers, following only New York, London and Tokyo.

The efforts in Waipula village are just part of the company's benevolent moves in China.

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The domestic payment service provider and Guangzhou Metro made a joint announcement Tuesday that passengers can use Apple Pay with UnionPay's QuickPass service to directly pass through all subway stations' fare gates in Guangzhou, capital city of Guangdong province, the first of its kind in China.

The election was held at the first session of the 13th Shandong Provincial People's Congress.