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Wang added that the purchase will also deal a blow to its biggest rival Uber Technologies Inc, especially in Brazil, as Didi is doing quite well in localization and will change its strategy according to the maturity of different markets.

Wang Jun, an economist of the China Center for International Economic Exchanges, told China Business News that the country should further deepen reform to encourage private investment and accelerate economic opening-up to shore up the economy.

Wang said tea has more penetrating power in third- and fourth-tier cities and among young and female consumers.

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Wang and Zhao are boatmen who make ends meet by rowing tourists around. Tourism suddenly took off in April.

Wang Junzhou, president of Chinese home appliance retailer Gome Retail Holdings, believes that companies are entering a new era where the focus is no longer restricted to bridging the market gap, but to upgrades of existing appliances.

Wang said China does not seek to split the EU but aims to help promote more balanced development of European nations through its cooperation with Central and Eastern European countries.

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Wang Xing, Zhou's lawyer, said the current compensation standard is still low.

Wang made the remark while meeting with Ri Yongho, foreign minister of the Democratic People's Republic of Korea on Tuesday in Beijing.

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Wang said that travelers are encouraged to behave properly when visiting domestic or foreign destinations during the seven-day break.

Wang appreciated Egypt's firm support on the issues concerning China's core interests, adding that China is ready to work with Egypt to enhance coordination on development strategies, implement major cooperation projects, and boost cooperation in tourism and people-to-people exchanges.