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Tongfang plans to buy the stake with cash or by issuing shares, Shanghai RAAS said in its statement.
Toyota said the two companies have been exploring various areas of collaboration under a May 2015 agreement, and added that the group intended to submit a proposal to its board on Friday regarding Mazda. It did not comment further.
Traditional Beijing snacks including shaobing, or sesame seed baked rolls, and wandouhuang, or pea flour cake. All are handmade to present an authentic Beijing taste.
Total passenger volume hit more than 13 million in Bao'an airport in Q1 this year, up 7.9 percent year on year.
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Tourism-generated revenue reached 6.63 trillion yuan (4 billion) last year, a rise of 11 percent over the previous year.
Traditional toys with educational content always capture Chinese parents' attention, given their high concerns over the academic performance of their children. Apart from construction and preschool developmental toys, modern STEAM (science, technology, engineering, art and math) toys have gained popularity, as they help children to gain advanced knowledge through play, according to a report from Euromonitor.
Travel demand appears to be stronger this year, possibly because the Mid-Autumn Festival is a time for family reunion.
Total bilateral trade for this year is expected to exceed 100 billion dollars, China's Ministry of Commerce estimates.