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The company has opened 25 offline pubs with decor and costumes based on ancient Chinese style. Each fruit wine bottle has a Chinese poem, all to enrich the consumer experience, Zhang said. It also opened more than 40 specialty stores at shopping malls or scenic spots, and mobile wine cabinets at restaurants. Offline sales revenue reached 33 million yuan (.66 million) in 2019. The company began to sell on online platforms in April.

The company attributed the huge rise to the initial success in the ongoing transformation of its business pattern and improved profitability in the reporting period.

The comments came after China's retail sales growth weakened to 8.1 percent year-on-year in November, down from 8.6 percent in October. Mao attributed the decline to slumping automobile consumption as well as lower gasoline and diesel prices.

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The commission will also cancel restrictions on foreign holdings in Chinese banking and asset management companies in three other documents.

The committee and its action plan "clearly demonstrates the HKSAR government's continuous and strong commitment and resolve in combatting TIP and protecting FDHs," the spokesman reiterated, adding that many of the new measures will take effect within 2018.

The company has already suspended its service called car2go, which allows users in major cities to drive shared smart-branded cars paid for on an hourly rate, according to a company statement.

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The company has also launched free shuttle buses to transport clients from Beijing to Cangzhou. It also operates buses to other Chinese cities in an attempt to lure in more clients.

The company has already made an estimated investment of million and is projected to spend as much as 0 million when all three phases of the development are complete. The project is one of the premiere developments and one of the largest investments in Liberty County and Cleveland.

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The companies participating in this area will include medical equipment and pharmaceutical firms that have made contributions to the fight against the COVID-19 outbreak.

The company has become the world's largest flat-panel display producer in the first quarter of 2019, statistics from Sigmaintell showed.