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That's because China remains its biggest single market. More than 595,000 BMWs, MINIs, and Rolls-Royces－world-leading brands belonging to the Bavarian group－were delivered there last year, for year-on-year growth of around 15 percent.

The "Made in China 2025" strategy, which is designed to upgrade China's manufacturing industry, has provided Rockwell with a great opportunity for cooperation, according to Buttermore.

The 1980s saw Special Economic Zones set up in Shenzhen, Guangdong province, and other coastal areas, which became hives of manufacturing and the platform for China to become the workshop of the world.

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The 2019 scholarship round will open for applications on August 6 in China.

The 18th CPC Central Committee was the first in Party history to successfully inspect all these entities in a five-year term.

The 127th edition of the biannual China Import and Export Fair, better known as the Canton Fair, was held online from June 15 to 24 in Guangzhou, Guangdong province and brought precious opportunities for micro, small and medium-sized businesses to showcase their products.

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That means China already fulfilled 54.4 percent of the official goal of creating 11 million new jobs this year, Liu said.

The "Go Electric Taxi" initiative launched on Wednesday with the support of German industrial manufacturing company Siemens, Irish energy company ESB, British mobile taxi app Gett, and LEVC. The scheme has also received support from the UK government.

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The "Americans for Free Trade''coalition includes the National Retail Federation, the American Petroleum Institute, the Toy Association and more than 80 other organizations. The campaign is called "Tariffs Hurt the Heartland" and is the largest unified effort by US businesses against tariffs to date.

That's not all. Yang said China's tech ecosystem is fostering entrepreneurialism. Even foreigners living in China are beginning to use Chinese apps to start up in a variety of fields, including technology, education and entertainment. All this business activity is a long-term positive effect for the Chinese economy, he said.