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The club game is also booming in the US, with record numbers attending Major League Soccer in 2016.

The club was launched in Bangladesh's capital Dhaka on Sunday, when the Silk Road Community Building Initiative in Bangladesh was also launched on the same occasion.

The comments were made Saturday at China Economic Prospect: Directions and Pathways for China's SOE Reform in the New Era, an industry forum held by China Economic Times.

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The comments came after Liu He, a member of the Political Bureau of the Communist Party of China Central Committee, said in Davos in January that the country would take concrete measures to further open up.

The comments came after the Wall Street Journal reported that the US Department of Justice probed Huawei over alleged theft of smartphone camera patents.

The companies in Boeing's supply chain are already feeling the hit.

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The company has raised 270 million yuan from angel investors, including the country's two education giants TAL Education Group and New Oriental Education & Technology Group Inc.

The company has been heavily investing in self-driving technologies. It said it would mass-produce driverless buses for designated areas by the end of July with Chinese bus manufacturer Xiamen King Long United Automotive Industry Co.

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The company also said it would offer voluntary buyouts to its workforce as it struggles to cut expenses.

The commission also urged banks to deepen their construction of professional mechanisms to provide stronger incentives for client managers to serve small and micro-sized enterprises, explore online lending services by further strengthening their integration with the internet and big data, and optimize the measures to monitor and analyze the flow of loans.