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SC also expects the digital economy to contribute 20 percent to Malaysia's gross domestic product by 2020.

Russia was suspended from the multilateral group in 2014 due to its conflicting opinions and practices with Ukraine on the Crimea issue, which had upset other members.

SHENYANG -- BMW Group plans to invest 4.4 billion yuan (about 0 million) this year in the construction of its new factory in Shenyang, capital city of Northeast China's Liaoning province, local government said Thursday.

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SAN FRANCISCO -- The Boeing 737 Max received the approval of the Federal Aviation Administration (FAA) to reenter commercial services on Wednesday morning, local media reported.

SF has invested in a smart distribution logistics and drone delivery system, and has taken out 151 patents. It established a specialized drone R&D and business operations system.

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SF Holding announced in its first-quarter earnings report that its revenue grew 39.59 percent year-on-year to 33.54 billion yuan (about .74 billion) in the January-March period.

Ryan Hass, a senior fellow at the John L. Thornton China Center of the Brookings Institute, said that with the Xi-Kim meeting, "Beijing reasserted itself as a central actor in managing security issues in Northeast Asia."

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S&P Global (China) Ratings said in a new report on Wednesday that 5G investment is on the verge of peaking, with the annual capital investment of China's three major telecom operators expected to increase by 6 percent on an annual basis this year. This year, China will invest about 120 billion yuan (.3 billion) in 5G infrastructure, the report said.

SOEs have been asked to increase spending on research and development (R&D), make greater efforts on basic research and application of major technologies, according to the document.