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The Chinese company's plan will be subject to a public hearing before the city of San Jose, California, makes a decision, according to the city's department of planning, building and code enforcement on Monday.

The Chinese economy has not only been able to avoid a "hard landing," but is stabilizing and improving with better structure and more jobs, according to Chinese Premier Li Keqiang Tuesday.

The Chinese embassy in Laos and Jiangsu provincial authorities have sent rescue workers to help patients from a bus accident that killed 13 Chinese visitors and injured 31 others in northern Laos on Monday.

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The California-based car-maker plans to mass-produce Model 3, an affordable, entry-level model in September, the company said.

The Caixin Services Purchasing Managers' Index rose to 52.7 in August, up from 51.5 in July, according to a survey conducted by financial information service provider Markit and sponsored by Caixin Media.

The China Index Academy's report forecast that the real estate market will continue to recover in the near future, but the impact of the COVID-19 epidemic will pose uncertainties to the market.

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The China Iron and Steel Association also said it believes imported iron ore prices will not continue to rise, due to rising supply, high port inventories and more available steel scrap.

The Caixin survey samples over 500 companies in China and mainly focuses on small and medium-sized firms.

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The Chinese government has stressed the development of AI technology in a number of guidelines. In the national technology innovation blueprint for the 13th Five-Year Plan (2016-20) released by the State Council in July 2016, AI has been listed as one of the pioneering technologies for research and development. The State Council stated in an announcement in July this year that China should lead the world in terms of AI theory, technology and application by 2030.

The Chinese firm has met more than 120 standards required by US government branches and civil associations. It is also the first time all systems of the vehicle complied with US requirements and standards.