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LOS ANGELES — "The US has been leading the world with her technological innovation and cultural creativity, while China has abundant human resources and a vast market," Wang Hanguang, chairman of Hanhai Studios, told the third Hollywood Entertainment Technology Festival.

Koh Dong-jin, president of IT & Mobile Communications at Samsung Electronics, said the company will release the foldable phone within the first half of next year, and the first batch to be delivered will have at least 1 million units. The company is set to produce more if the new product is well received in the market.

Kr Space plans to accelerate its business expansion in the flexible workspace sector. [Photo/IC]

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Korean Air will acquire 1.5 trillion won (1.4 billion US dollars) of new shares and 300 billion won (270.5 million US dollars) of perpetual bonds to be issued by Asiana Airlines. After the acquisition, Korean Air's stake in Asiana Airlines is expected to rise to 63.9 percent.

Kuka AG, a German industrial robot manufacturer now owned by appliance maker Midea Group, aims to make China its fastest-growing market worldwide, with half of its robots produced and sold in the country by 2020.

Koob adds that Americans need to remember that alcohol is a drug, despite being a "social lubricant." After seeing four scientist friends die from alcoholism, he warns "alcohol spares nobody."

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LONDON -- Although tensions between the United States and China in technology industry continue to grow, "Wall Street and China are getting closer," The Economist magazine reported.

LISBON - Foreign Ministry spokesman Lu Kang said on Saturday that Chinese State Councilor Yang Jiechi will pay an official visit to Jamaica on Sunday at the invitation of the Jamaican government.

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LSS Financial Leasing Co Ltd in Shanghai signed an agreement with online information service company 58.com on Tuesday, in order to establish an online platform for automobile purchasing and financial services.

Kuhn's great-great-grandfather John A. McNear offered to let Chinese immigrants live on his property during the difficult times of discrimination in the 1860s. They set up temporary camps on the McNear property, which later became the China Camp Village.