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Steel prices remained at a high level in 2018. The average for the composite steel price index was 115.8 last year, up 7.6 percent year-on-year.

Stating that the Belt and Road Initiative will bring opportunities in multiple fields including trade, connectivity, physical infrastructure development, tourism and investment, they pointed out the need of concrete mechanism for implementation.

Stephen Jacobi, executive director of NZ International Business Forum, described the fact that Ardern has won an outright majority as surprising given the mixed-member proportional representation was designed to deliver coalitions.

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Stephen Perry, chairman of The 48 Group Club, speaks at the "Icebreakers" Annual Chinese New Year Dinner in central London on Jan 21, 2020. [Photo provided to China Daily]

Stephane Rinderknech, CEO of L'Oreal China, said Chinese consumers are entering a new era with the ultimate desire for personalized beauty.

Starting from Wednesday, Chinese customs authorities will suspend accepting import applications related to the producer, identified as "GADUS NJORD," for a week.

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Stephan Woellenstein, CEO of Volkswagen Group China, said current electric cars in the Chinese market have an average range from 400 to 600 kilometers, which is similar to gasoline vehicles. He said the inadequate charging network and slow charging are becoming major concerns that dissuade some potential buyers.

State-owned enterprises participating in the Belt and Road Initiative and with overseas operations need to enhance their cybersecurity immediately in the wake of mounting threats to online data, a report released by the 360 Threat Intelligence Center on Friday said.

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Statistics from consultancy China Market Monitor showed the online sales of Ecovacs' robot vacuum cleaners increased by 32.3 percent on a yearly basis in the first half of this year.

State Grid Corporation of China, Industrial and Commercial Bank of China and Haier are the top three Chinese brands with highest value, at 503.69 billion yuan, 450.58 billion yuan and 428.65 billion yuan, respectively.