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Hurk said the company is also working on a live-stream project showcasing New Zealand farms, the beauty of this country and the friendly Kiwi culture to Chinese consumers.

Huawei, the world's largest telecom-equipment manufacturer and the second-largest smartphone maker, spent billion buying components in 2018. Some billion went to US firms for products including Qualcomm chips, Microsoft software and Google Andriod operating systems.

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Hungary's interest in cooperating with China goes beyond Shaanxi province with plans to bring many medical technologies to China.

Hun Sen congratulated Xi on his re-election as general secretary of the CPC Central Committee and spoke highly of the dialogue between CPC and the world political parties.

Huawei's deep technology reserve and wealth of patents minimize the effect of sanctions on its 5G portfolio, said James Yan, research director at Counterpoint Technology Market Research. He cited the possibility of Huawei turning things around by trading patents or business models for other critical or much-needed technologies.

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Huang Ping, the Chinese consul-general in New York who just started his term, made the remarks during a reception at the Chinese consulate. Several hundred guests, many of whom were from the local Chinese community or diplomatic circles, attended the event that was held to welcome him to his new post in New York.

Huawei Cloud, the cloud computing unit of the Chinese tech major, and artificial intelligence company Huiying Medical Technology Co Ltd, are offering AI-enabled auxiliary diagnostic systems to hospitals in Ecuador.

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Huang said further monetary policy easing, if necessary, will help to achieve interest rate liberalization. In addition, the transformation of private business, from a resource-driven to an innovation-led growth mode, will boost China's economy. The private sector accounts for around 70 percent of the country's growth.

Huawei Technologies Co Ltd said on Tuesday it plans to invest 3 billion yuan (6 million) over the next five years to build an ecosystem for its ARM-based server chips as the Chinese company beefs up its prowess in semiconductors.