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Given the increasing calls for reforming the existing global governance system to cope with the world's common challenges, China-Africa friendly cooperation provides new thinking for resolving major global problems, Wang said.

General Secretary of the Central Committee of the Communist Party of China and President of the People's Republic of China

Global market consultancy Roland Berger wrote in a recent report that China is accelerating related activities to take the lead in autonomous driving, with a strong push for electrified vehicles and ongoing city traffic optimization.

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Geography lovers will know that Obidos is a town in Brazil, a place where the Amazon river is at its?narrowest and swiftest point.

Giving "red packet money" to newly married couples is a tradition that traces its origins to the Ming Dynasty (1368-1644).

Geography lovers will know that Obidos is a town in Brazil, a place where the Amazon river is at its?narrowest and swiftest point.

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Gary Clyde Hufbauer, senior fellow at the Peterson Institute for International Economics, said what China is doing now and can do more of in the future is to be more specific and business friendly in drafting regulations. China also should take a leadership role in initiating more international negotiations, he said.

Ghosn has denied wrongdoing, according to media reports. His lawyer in Tokyo, Motonari Otsuru, was unavailable for comment on this article, according to a person who answered the phone at his law office.

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Given a fragmented and segmentary system could leave blind spots in supervision and lead to financial arbitrage, the introduction of the new committee will help improve the effectiveness of regulation and address regulation challenges brought by increasingly mixed financial services, according to Lian Ping, chief economist with the Bank of Communications.

Geely is not new to the field of Chinese companies buying overseas assets. It is widely known as the owner of Volvo Cars, acquired in 2010 and The London Taxi Co which was bought in 2013. Buying into Saxo, however, marks its first move into the financial services market.