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The collapse occurred on Saturday night, and the hotel owner has been arrested. The cause is under investigation.

The company has invested substantially in H1 in research and development (R&D) while the number of employees increased by nearly 3,500, the report said.

The combined onshore assets of commercial banks came in at 217.9 trillion yuan, up 8.1 percent, while their liabilities increased 7.7 percent to 200.6 trillion yuan.

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The comments come as China is working hard to lay out a primary cybersecurity system for the industrial internet by the end of 2020, with at least 20 innovative products and solutions developed as pilot projects to safeguard information security for areas such as automotive, aerospace and energy.

The company announced that it recently sealed a .63 million deal to build apartments and supporting facilities in the Genting Highlands of Malaysia.

The combined market share of international robot makers including ABB Group of Switzerland and Fanuc from Japan jumped to 73.2 percent in 2017 from 67.3 percent in 2016, according to data from China Machinery Industry Federation.

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The company had more than 50 million subscribers by the end of last year, and it had around 126 million daily active mobile users during the last quarter of 2017.

The company expected net profit to reach 169 million yuan to 253 million yuan in the first three-quarters of 2018 thanks to the continued development of the AI industry.

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The company currently operates a total of 23,416 express delivery service outlets and six logistics centers across Liaoning. They deal with businesses including regional and cold chain transportation services covering the whole Northeast China region and the eastern part of the Inner Mongolia autonomous region.

The company assets stood at a total of 187.08 billion yuan and liabilities of 27.35 billion yuan by the end of the third quarter on Sept 30, 2019. Its equity debt ratio is only 14.6 percent, far below the 65 percent average for the nation's railway operators as a whole.