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The company intends to ship the new product at a rate of between 10 and 20 million metric tons a year, ramping up to 40 million tons by the end of 2020.

The company will further expand its presence in the Middle East and India to drive growth through emerging opportunities in new markets where there is a large and growing middle class population.

The company's new chip has been mass-produced, and its second-generation counterpart will be released in the second half of 2019, the company claimed.

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The company said it was the first time that the PBOC's digital currency research institute had partnered with an internet company that has consumer-oriented application scenarios for digital currency. Didi, however, did not disclose any further details, while the PBOC's digital currency research institute made no comment on the matter.

The company said earlier that it had found a conglomerate oilfield with an estimated one-billion-ton of reserves in the Junggar Basin in the Xinjiang Uygur autonomous region, with proven reserves of 520 million tons, part of its efforts to step up domestic exploration and development.

The company said it will not grow as rapidly this year as it did in the first half of 2019. "We will have nothing to rely on but the hard work of our people, as well as the ongoing trust and support of our customers and partners," Xu said. "Survival will be our first priority."

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The company sold 1.5 million vehicles last year, ranking fourth among passenger carmakers in China.

The company said it expects to post revenue of between billion to billion for the fiscal second quarter of 2019 ending in March.

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The comprehensive services are more about emotional care and cover the entire process from purchasing to aftersales services, including customers making appointments, to maintenance and repairs through 4S/5S dealership stores or BMW's Fast Lane service.

The company will focus on creating a series of famous brands and expand the scale of imported products to meet Chinese consumers' demand for high-quality and customized food.