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Having a China-based factory is definitely "one step forward" for Tesla, which could greatly increase its production capacity and make its offerings more affordable, said Jacob George, Asia-Pacific vice-president and general manager of JD Power, a global market research company specializing in the auto sector.

Hathaway said the initiative targeting Chinese companies would have profound implications on US businesses. "It's a sign of where we think things are headed, and what our companies should be expecting next," she said.

HONG KONG - International Monetary Fund (IMF) Managing Director Christine Lagarde said earlier in Hong Kong that import restrictions hurt everyone and governments need to steer clear of protectionism in all its forms.

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Haiti and Belize, for example, could lose 1.13 and 1.19 percent of GDP annually, respectively.

HONG KONG－Alibaba Group Holding Ltd plans to lead an investment round of at least billion in Ele.me, one of the largest players in China's food-delivery service sector.

Hammes said companies in China are more proactive to accommodate a generation of "self-improvement" that appreciate health-related benefits.

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Having a 100-year legacy of helping to transform the health, lives and future of people around China with our pharmaceutical products, vaccines and consumer products, GSK is privileged to have both witnessed and been a part of the significant transformation of China over the past 40 years.

Hao also said it was important to encourage insurance companies to participate in the pilot.

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HONG KONG -- Nearly 2.93 million Hong Kong residents have signed a petition in support of the national security legislation during an eight-day campaign across Hong Kong, the organizer announced on Monday.

Hans Bishop, Juno Therapeutics CEO