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Xiamen-based Anta Sports made its basketball unit its first sports category to run independently within the Anta brand since 2014.

Xiang is also Party chief of CIRC.

Xiang Ligang, CEO of telecoms industry website Cctime, said as one of the first Chinese tech brands to go global, Lenovo has made progress in overseas markets. Even its struggling smartphone business has reported relatively good performance in Brazil and other countries, he said.

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Xi, also president, made the remarks in his keynote speech at the opening ceremony of the CPC in Dialogue with World Political Parties High-Level Meeting at the Great Hall of the People.

Xu expected the Chinese outbound tourism market to maintain robust growth as less than 10 percent of the Chinese population holds a passport.

Xiang Ligang, director-general of telecom industry association Information Consumption Alliance, said if Huawei really adopts RISC-V chip architecture in the future, it will be a huge loss to ARM's chip ecosystem, given Huawei's sprawling size as the world's largest telecom equipment maker and the world's No 2 smartphone vendor.

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Xi, who is also general secretary of the CPC Central Committee, hold talks with Bounnhang Vorachit, general secretary of the Lao People's Revolutionary Party Central Committee and president of Laos, and met separately with Lao Prime Minister Thongloun Sisoulith and President of the Lao National Assembly Pany Yathotou during the visit.

Xiang Ligang, a telecom expert and CEO of telecom industry website Cctime, said telecom firms are facing increasing pressure to prepare for the upcoming 5G era.

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Xiaomi CFO Chew Shouzi said: "The global syndicate of top-tier banks is a strong endorsement of Xiaomi by the international capital markets."

Xinhua - Reuters