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The two will invest at least 11.9 billion yuan (.88 billion) to build a new production site in Beijing so that their partnership, Beijing Benz Automotive Co, can manufacture models that better meet the demand of the Chinese market, said BAIC Motor in a filing to the Hong Kong stock exchange on Sunday.

The two sides also agreed on the importance of regional cooperation and the role of the Gulf Cooperation Council (GCC) in reducing regional threats and ensuring the economic prosperity of the region.

The two sides will also seek cooperation in fifth-generation mobile communication technologies, self-driving and new-energy vehicles, said the sources.

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The transition period follows the nation's effort to slash rural poverty on a massive scale, which it has managed to do since late 2012 thanks to an assortment of poverty relief plans ranging from fostering rural industries and expanding affordable healthcare to relocating farmers out of isolated ancestral homes.

The typhoon was forecast to bring heavy rains to the provinces of Hainan, Guangdong, Yunnan and Guangxi Zhuang autonomous region, according to the Central Meteorological Station.

The typhoon was forecast to bring heavy rains and strong gales to Hainan and its coastal waters from Wednesday to Thursday.

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The two countries will hold a series of activities in the fields of performance arts, visual arts, creativity design, cultural heritage, tourism, film and television.

The two parties have made several successful attempts before the official announcement. Youpin has introduced Pamu Slide, a popular wireless earbuds product on Indiegogo, to China, while launching WalkingPad, a foldable treadmill, and an electric toothbrush on Indiegogo. All these products are developed by Chinese brands.

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The train will take 18 days to reach Yiwu. It will passthrough seven countries in between the UK and China, and will need to accommodate three changes in the width of track and rolling stock.

The two presidents also decided to further align the China-proposed Belt and Road Initiative with the Eurasian Economic Union, and build bilateral ties into a ballast stone for world peace and stability.