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Zhejiang Hailiang Co Ltd announced this week that it is investing 5 million to build a copper-tube factory in Sealy, Texas, a small city west of Houston.

Zhang, the head of Huawei's UK operations, told the BBC that he hoped the UK would take an "evidence and fact-based approach" and warned of huge economic impact if greater connectivity was delayed by the company's exclusion, potentially running into the tens of billions of pounds of lost productivity benefits.

Zhao Xuezhu contributed to the story.

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Zhao Ping, director of the department of international trade research at the Academy of China Council for the Promotion of International Trade, told China Daily that the tariff cut "is no doubt a positive signal for lithium battery firms in China, as it helps reduce production costs, creates more space for local production, and encourages self-innovation in the battery manufacturing process".

Zhao Jun, director of the freight division at CRC, said daily coal deliveries in March saw a month-on-month increase of 5.1 percent, and the coal storage in captive power plants nationally is available for consumption of over 20 days.

Zheng Wen, director-general of the ministry's department of circulation industry development, said online sales have become an important engine to stimulate domestic spending and imports. "Durable consumer goods with high-tech features and branded foreign products have huge commercial potential," Zheng said.

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Zhong's fledgling company could get its wings clipped by the ongoing trade conflict between China and the US. In response to President Donald Trump's tariff on Chinese steel and aluminum, China slapped a 25 percent tariff on pork at the beginning of April.

Zhang, who impressed the world for promoting China's rich history and culture by directing the grand opening ceremony of the 2008 Beijing Summer Olympics, said he expects the show on Sunday to help present his country's more diversified image in the new era.

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Zhengzhou Sanquan Foods Co Ltd, a major frozen food retailer, netted sales revenue of 3.73 billion yuan in the first six months, growing 22.6 percent on a yearly basis. Its net profit reached 452 million yuan, soaring 409.61 percent year-on-year.

Zhang said the growth momentum is because the company has maintained clear strategic goals to ensure focus and stability, and at the same time has improved the company's management system and organizational efficiency.