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Other industry analysts said this is a significant opening-up step for China's new energy vehicle industry and will make entrance and cooperation in the segment for conventional and foreign automakers easier. The facilitated entrance options will lead to a reduction in production costs for new energy cars.

Other coffee-selling competitors Tim Hortons will face in China: Dunkin Donuts, the UK’s Costa Coffee (now owned by Coca-Cola), McDonald’s McCafe, KFC, Peet’s Coffee, SPR (Dandong Qijian), UBC (Taiwan), C-Straits Café, and three South Korean players – Cafe Bene, Maan Coffee and Tous Les Jours.

Oppo had been selling 5G smartphones in key European markets since May, with promising figures in Sweden, Italy and the United Kingdom.

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Online payments handled by banking financial institutions totaled 2,126.3 trillion yuan (about 0.9 trillion), up 2.47 percent year on year, the report showed.

Openness has promoted its technological advancement because international competition has stimulated its independent research and development, and facilitated learning from advanced technological achievements and management experiences.

Only four years old, Liang's son has read more than 300 picture books.

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Online banks have sprung up in Hong Kong, attracting customers with good incentives in their competition with traditional banks. However, they will need more than that to survive. Edith Lu reports from Hong Kong.

Other drivers of domestic strategic M&As also include the continued deepening of reform of State-owned enterprises, deleveraging and debt restructuring, and further restructuring of domestic banks, he added.

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Oppo's R11, starting from 3,199 yuan (5), also comes with a high-resolution 20MP sensor and a portrait mode that can highlight users' face while blurring backgrounds with some level of proficiency.

Online acquisition is expensive, and some retailers find they can not only operate stores profitably, but that these physical locations lift online sales. Trained sales professionals also provide a more personal connection, which is especially important for high-consideration items where fit is key and price points can be high.