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Li Li, an energy research director at ICIS China, a consulting company that provides energy market analysis, said the alliance aims at a better market share; the current situation, with fierce trading competition and refining capacity excess, is the direct reason of the forming of the alliance.

Li Keqiang presides over a meeting held by the Leading Party Members Group of the State Council to study the spirit of the 19th Communist Party of China (CPC) National Congress in Beijing, Oct 26, 2017. [Photo/Xinhua]

Leshi believes the new funds will help with a capital shortage at New Leshi Smart Home and boost operations. This is not the first time for Chinese technology giants to rescue the debt-laden internet company. In March, Tencent partnered with Leshi, and allowed Leshi TV to distribute TV and video contents whose copyrights were owned by Tencent, and to share the membership and advertisement fees generated from the contents.

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Lenovo said it posted a 5 percent year-on-year jump in revenue to .8 billion for the quarter that ended in September. The performance surpassed analysts' projections for .3 billion and marked the biggest rise since the same period of 2015, according to data compiled by Bloomberg.

Li Qiang, regional co-managing partner of Asia at DLA Piper Global Law Firm, said Chinese investment in economies involved in the BRI is helping to fulfill the huge potential of bringing mutual benefits, citing the importance for Chinese companies to sharpen their skillset of communicating with local communities.

Li and Gui, who are of the same age and natives of Zhejiang province in eastern China, struck up a solid relationship despite their different backgrounds. Li had started from scratch, while Gui was recommended by Beijing to work in State-owned China Resources (Holdings) Company in Hong Kong.

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Li Minhong, vice-president of Deutsche Bank (China), said market liquidity and pricing mechanisms in the domestic bond market will improve with the entry of more global issuers and investors. "It could also help accelerate the renminbi's internationalization," he said.

Li Shulei, deputy secretary of the CPC Central Commission for Discipline Inspection, said that a total of 440 senior officials at the provincial and ministerial levels have been placed under investigation in the past five years amid Party efforts to boost clean governance.

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Lenovo also said in July, 2016, that it would spend 5 million to increase its stake in its PC joint venture with another Japanese firm NEC Corp.

Li Keyong, secretary of the Secretariat of the Central Committee of the Communist Youth League of China, said at the forum that young people from SCO countries are important participants in promoting communication between different civilizations.