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Though the work is seemingly tedious and demanding, Zhang said he is satisfied and happy to dedicate himself to glass carvings.

Through its transportation system, Hainan has established trade and cooperation links with more than 160 countries and regions around the world.

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Though much of the attention so far has been focused on bitcoin and currency-related applications, Hedley noted that the technology has many other potential uses, in areas including smart logistics, legal contracts, trade documentation, healthcare, education, and manufacturing.

Though absence of such products had helped China to avoid one of the systemic causes of the property crash earlier, "the nation still needs such products, considering the stable returns and how it could help banks to mobilize assets and free up capital for lending," he said.

Through expanded functions such as procurement and sales, trade settlement, and supply chain management, the Shanghai headquarters continue to enhance their resource allocation capabilities in China and global markets. Currently, there are 263 headquarters in the bonded areas of the Shanghai FTZ, accounting for nearly 15 percent of the city's total.

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Tianjin Light Industry Vocational Technical College and Tianjin Transportation Technical College will join hands to set up a workshop at Ain Shams University and a technology promotion center at the Advanced Technical School for Maintenance Technology, according to the agreements.

Thus, like HomeAway, its competitive advantage lies in the overseas market.

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Three forums were held in Korea, Singapore and Germany prior to the official kickoff of the World Artificial Intelligence Conference 2020 on Thursday, with experts discussing topics from AI application scenarios to cross-border AI collaboration, according to a news release by the organizing committee released on Tuesday, also known as "WAIC2020 Global Day".

Tightening is likely to hurt excessively levered carry trades, but unlikely to spill over to the real economy, said Liu Wenqi, an analyst at China International Capital Corporation.