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Such unprecedented partnerships "show how even one-time rivals see a pressing problem" in amassing the mammoth funds and expertise needed to meet challenges in the car industry, expert Stefan Bratzel of Germany's Center for Automotive Management told AFP.

Such projection comes as the year 2016 marked another record year for the country, with Chinese companies concluding 622 outbound merger and acquisition (M&A) deals, totaling 1.7 billion.

Such a partnership would benefit not only the two countries, but consumers and the world as a whole too, he said.

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Suga, 71, who has said he would pursue Abe's key economic and foreign policies, is expected to get the bulk of votes from 394 Liberal Democratic Party (LDP) lawmakers and is likely to win a majority of 141 votes from the party's local chapters.

Story updated to clarify the timeframe of Kessel’s sabbatical.

Straumann Group, a world leader in esthetic dentistry, inked a strategic partnership agreement with Beijing-based technology company DeepCare on Tuesday, to further its foray into AI-enabled dental care.

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Sub-indices for production and new orders went down slightly to 50.7 and 51, respectively, while sub-indices on raw material stock, employees and suppliers' delivery time were still lower than 50.

Su confessed his crimes, provided leads on his case, and returned all the bribes, which constituted mitigation of sentence, the court said.

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Such a step would require the Mexican government to consult the Senate on how to proceed, Ebrard said.

Stock split is a practice where a listed company splits an existing share into two or more parts, thus increasing the number of common shares but lowering the share price proportionately.