This impinged on downstream dealers' pricing autonomy and excluded and limited competition within the brand, said the administration, adding that this practice weakened competition between brands and encroached on consumers' legitimate rights.
This has made it more pressing and necessary to improve such a flawed system, said Zhang.
This issue is a dispute left over from history and should be properly resolved in a peaceful manner in accordance with the United Nations Charter, relevant Security Council resolutions and bilateral agreements, he said.
This long spell of hot weather has made this month Hong Kong's hottest May since records began in 1884, and also refreshed the Hong Kong Observatory's record of the longest-lasting "Very Hot Weather Warning" since the warning was put into use in 2000.
This market environment has benefited medical device manufacturers such as Siemens Healthineers, which launched its IPO on the Frankfurt Stock Exchange in May. According to Siemens AG's 2017 annual report, Siemens Healthineers was the group's most profitable subsidiary that year. Over half of its revenue came from the Chinese market, particularly from its medical imaging and diagnosis equipment.
This comes after institutional investors, who signed up for 110 percent of shares the company had on offer, traded Xiaomi's shares on Tuesday at HK .15 with a turnover of HK 0 million.
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This batch of raw milk is produced by a Russian pasture owned by Zhongding Dairy Farming, which is only 25 km away from Dongning Port on the border between China and Russia, and the quarantine clearance for its transportation is completed within three hours.
This is the second major push of Alibaba this year to digitize offline malls and fuel growth on the increasingly saturated online traffic. In January, it led a .6 billion bid to privatize Hong Kong-listed Intime Retail Group Co Ltd. Its biggest investment so far in merging online and offline resources came in 2015, when it poured .6 billion in electronics chain Suning Commerce Group Co Ltd.
This first pillar-dominated structure must be reformed in the coming decades, experts said, as government-run pensions rely on contributions from the working-age population to fund the retired, while the size of the former is destined to shrink in relation to the latter amid rapid demographic changes.
This reform is reshaping the economy by accelerating the phaseout of uncompetitive enterprises, stimulating industrial upgrading and underpinning domestic economic growth, which is particularly important amid the current economic climate.