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The company said it will ramp up its throughput to ensure the mine reaches its design capacity this year.

The company saw its gold output hit 19.5 tons in the first half, while sales reached 12.61 tons.

The company said it attaches huge importance to research and development, innovation and talent training, and actively cooperates with universities on the Chinese mainland to establish laboratories.

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The company wants to create 20 smokeless cities during the 13th Five-Year Plan period (2016-20), covering 100 million sq m.

The company's carrier business, which includes Huawei's telecom equipment and services, recorded about one percent loss in revenue in 2018, as it faces security allegations in some markets. Huawei has repeatedly said such allegations are groundless and not backed by factual evidence.

The company said the revenue generated from livestreaming accounts for a majority of its revenues and such revenue is heavily dependent on the number of paying users. Its revenue generated from livestreaming increased from 7.9 billion yuan in 2017 to 31.4 billion yuan in 2019.

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The company sold about .14 million worth of products in a single hour, according to Alibaba. Other popular US brands last year were Apple, New Balance, Skechers and Nike.

The company said it chose France because it is one of the world's most advanced manufacturing centers, has mature industrial infrastructure and a highly educated labor pool, and its geographic positioning is ideal for Huawei.

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The company will also set up an engineering and design center in Berlin, Musk said at the Golden Steering Wheel event. He wrote on Twitter that the new plant "will build batteries, powertrains and vehicles, starting with Model Y".

The company hires local employees who are responsible for signing contracts with farmers. In growing seasons, they sell seeds, fertilizers and pesticides on credit to growers, and then buy the cotton after harvest time.