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Zhang Shulin, former secretary-general of China Association of Automotive Manufacturers, said many companies are entering the industry but only less than 20 electric passenger carmakers have concrete strengths.

Yuzo Tanaka, a professor of economics at Ryukoku University in Kyoto, said the emperor's choice of echoing his father is a "pleasant move" as "it reminds people not to forget the tragedy of past, especially at a time when today's young people almost got no clue of war at all".

Zhang Xiangcheng, the other co-founder of the center and the Royal Society Industry Fellow at the University of Cambridge, said that the center will be committed to studies of the challenges and problems related to the Belt and Road initiative and providing solutions.

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Zhang Xu, an analyst with Everbright Securities, said some of the funds raised via previous government bond issuances will be spent in June and July, adding to market liquidity.

ZHENGZHOU - It has been almost 30 years, but Wang Hongbin from Nanjie, a village in Central China's Henan province, still has vivid memories of the day his instant noodles first went on sale.

Zhang Yalin, a member of the National Manufacturing Strategy Advisory Committee, said foreign companies' ties with Chinese firms have been driven by business interests, and they have helped them gain access to the Chinese market and abundant labor.

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Zha said the Happy Spring events have engaged an increasing number of local artists and arts groups as well as mainstream cultural organizations in the past few years.

Zhang Yi contributed to this story.

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Zeng Fanbing, the superintendent from the CREC-2 in charge of the construction of the sixth section of the China-Laos railway project, told Xinhua on Friday that his team finished the concrete casting of the last bridge pier of the Nam Khone super major bridge on Thursday, thus completing the main construction work of the longest bridge along the railway project.

ZTE intends to open 13 new research & development centers in Italy, said its CEO for Western Europe, Hu Kun. "The 5G network will be ready by next year," said Hu who also serves as president of ZTE Italy, adding "The pre-5G phase is in full swing."