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Given all the existing relationships for products like Office 365 or Windows PCs that Microsoft salespeople have with a large swath of the enterprise computing market, it can also use pricing incentives on those products to entice companies to choose Azure for cloud computing, Helm said.

Geng Danhao, senior vice-president of the video streaming site iQiyi.com, said he believes the fast rise of Chinese internet users — which has surpassed 700 million — will bring increased demand for quality content.

Giant panda "Yuanzai" celebrates its fifth birthday at the Taipei Zoo, July 6, 2018. [Photo/Xinhua]

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Global cobalt reserves total around 7 million metric tons, most of which is in the Democratic Republic of Congo. The material is the most expensive part in electric car batteries.

Geely's innovation center in Hangzhou will also be used by Terrafugia. In anticipation of the transaction, Terrafugia's team of engineers in the US has been tripled over the past quarter with Geely's support.

Given the policy orientation to long-term economic resilience, experts said the PBOC will focus more on supporting real-economy businesses via targeted policy tools in the coming months, while becoming more prudent in terms of furthering broad-based stimulus.

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Giant panda Yang Guang explores his enclosure at the Edinburgh Zoo. RZSS EDINBURGH ZOO

Given that Hong Kong's economy has been seriously battered by months of social unrest last year, the government lamented the radicals' violent acts were "extremely irresponsible". They had hurt businesses and increased the risk of infection amid the coronavirus pandemic.

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Glastonbury is one of the most iconic music festivals in the world. The five day event attracts famous musicians from around the world, with this year's performances from The Killers, Kylie Minogue, Stormzy and The Cure.

Ghizzoni said WeChat Pay is also working with clients to find ways to promote their products to Chinese consumers, leveraging on WeChat's advertising capabilities and Tencent's cloud solutions.