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Huang, chairman and president of The Wonderful Group, is aware that his company's US investment will be closely watched in China.

Huawei’s move will possibly influence college students while choosing their research areas, said Liu, although career success is nevertheless determined by multiple personal as well as professional qualities.

Huang, also head of the Publicity Department of the CPC Central Committee, said media from the two countries should enhance relations and offer comprehensive, objective and truthful coverage of events in both nations.

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Huang Yuhong, deputy head of the China Mobile Research Institute, said 5G will no longer be a simple technology or a system. Instead, it is a platform in which the telecom industry needs to be deeply linked with other sectors. That is the fundamental difference between 5G and 4G.

Hubei has been using its strategic location at the midstream of Yangtze, the longest and busiest waterway in China, to boost its economy in recent years.

Huawei said in a statement that the explosive growth of video, the internet of things and other data applications poses challenges for many companies which lack enough computing power or proper algorithms. Huawei will work together with like-minded partners, customers, associations and standards organizations in the security industry to jointly create a more open, collaborative and pragmatic industrial ecological alliance to accelerate smart video efforts.

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Huang said that China's outbound investment, not just in technology but in property-related investments, is also declining, because Chinese firms and households are being discouraged from investing in property overseas.

Huang came to the UK in 2004 and works at the Edinburgh Royal Infirmary as a cardiac theater nurse.

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Hundreds of millions of users in China use BATJ's services on a daily basis. Yet they have either very limited means or almost no way to buy shares of BATJ. In contrast, the Big Tech Four offer prodigious returns to overseas investors who are not exactly its consumers/users.

Huang Yan (3rd right), CTO of TAL Education Group, shares views with global experts during this year's ASU+GSV Summit in San Diego, US. [Photo provided to chinadaily.com.cn]