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The comments came after the US Commerce Department in May placed Huawei on a trade blacklist, banning it from buying US technologies without special government approval.

The collaboration between China Eastern and COMAC is aimed at promoting the commercial operation of aircraft developed in China.

The community-owned businesses have experienced fast growth since 2016, led by the development of the Qingdao International Academician Park in Licang district. The community has invested in the comprehensive service center for the industrial park and has built part of its infrastructure. The net income from the community's collective businesses is expected to reach 98 million yuan by the end of this year, up from 77 million yuan in 2018.

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The company describes the B&R Initiative as "the most important and impactful global infrastructure program with the potential to become the blueprint for a new world trade order".

The company aims to put autonomous mini-buses that can operate in designated areas into mass production and trial operation by the end of this July, in cooperation with bus manufacturer Xiamen King Long United Automotive Industry Co.

The company has spared no efforts to boost its technology arsenal. In March, it established independent research and development teams in a plan dubbed NASA to focus on foundational and disruptive technology research.

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The company has created Annil, a famous domestic brand of children's garments by adhering to the design philosophy of using green and environmentally-friendly fabrics. So far the company has opened nearly 1,500 flagship stores nationwide.

The company has actively engaged in social responsibility and the local infrastructure, including donating to the local primary school, providing food aid and improving the environment.

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The company announced a new funding round on Tuesday, led by Chinese internet giant Tencent.

The combination of both offshore wind power projects and the west-to-east power transmission project will greatly complement each other, Liu said.