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The move came as the world's second-largest smartphone maker said it accounted for 55.4 percent of China's 5G phone market during the first quarter of this year.

The move came as Tencent aggressively builds its own ecosystem by promoting paid reading on WeChat, which has about 889 million users. Meanwhile, Apple banks on iPhone users spending more within its iOS ecosystem to boost its service revenue.

The museum in central London is the house where the legendary English novelist lived when he wrote Nicholas Nickleby and Oliver Twist, and attracts visitors from all over the world.

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The nation issued a guideline in late April to improve its mediation teams, asking for more professional training and strict management of mediators.

The move was made as utilization of foreign capital in the first four months of 2017 reached 286.4 billion yuan (.6 billion), a slight drop of 0.1 percent year-on-year, according to the Ministry of Commerce. During the same period, China saw 9,726 new enterprises built with foreign investment, a year-on-year increase of 17.2 percent.

The move comes after the university informed the force that the campus has been severely damaged. In addition, many dangerous items were left by the radical students and rioters who barricaded themselves at the university for about two weeks.

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The move comes at a difficult time as worries of a possible recession and waves of anti-extradition law protests weigh on sentiment, Financial Secretary Paul Chan Mo-po said at a news conference on Thursday.

The move is considered a stride forward for the country to "open up its economy on a larger scale and deeper level", said Bai Ming, vice-director of a research institute under the Ministry of Commerce.

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The money raised from the stake sales will be used to buy three Boeing aircraft and a stand-by engine, as well as to repay bank loans, according to Juneyao Airlines. 　　

The nation will work to develop tourism into a major driver of economic transformation. By 2020, investment in tourism is expected to grow to 2 trillion yuan, and the sector will contribute more than 12 percent of GDP growth, according to a State Council five-year tourism plan (2016-2020).