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It is hard to compete with Amazon’s stock price, which is up 142 percent in the past five years. (Microsoft is down 21 percent in the same period).

It is necessary to "prevent haphazard construction and disorderly development" as the NEV industry has seen rapid technology improvement and market expansion, Meng said.

It is the second consecutive year for Ferrero Group - the world's third-largest confectionery maker - to attend the CIIE. The company showcased more than 40 SKUs of over 20 varieties of products at this year's CIIE, with the total number of exhibits doubling the scale in 2019.

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It is seen as an easier financing channel for small businesses, with low costs and simple listing procedures. 

It is worth more than 1 trillion yuan (3.3 billion) in market scale and employs 30 million people as domestic helpers, nannies and nurses for the elderly.

It is the first time that the company has released Fila's key data since its acquisition 10 years ago.

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It is the first Chinese company to be part of a shortlist for a British rail project.

It now has more than 2,000 engineers and technicians from 12 countries, accounting for some 40 percent of Borgward's staff. Some of them previously held senior posts at major carmakers including GM, BMW and Rolls-Royce.

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It recently launched an organic brand, which sells at around 14 yuan (.1), one of the most expensive products from its dairy range. Earlier, it also launched a yogurt designed to help improve the digestive system after a meal.

It is anticipated that more memos of understanding will be signed by a number of the companies participating at the event in the coming days.