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The comments came after Xiaomi unveiled its latest smartphone model CC9 Pro featuring a 108-mega-pixel camera on Tuesday. At the same launch event, the company also unveiled its first Xiaomi-brand smart watch.

The combined effect of tariffs imposed last year and potential tariffs envisaged in May between the US and China could reduce the level of global GDP in 2020 by 0.5 percent, the economist said.

The company expanded its oil and gas reserves and production at a steady pace in 2018, while strengthening its cost control. Net profit of the company reached 52.7 billion yuan in 2018, up 113.5 percent, compared with the same period of the previous year.

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The company has also shipped its products to about 70 countries and regions.

The company added that the commissions cover the tools and resources it provided for the app developers and also the platform for the apps to meet customers worldwide.

The company has hired the remaining 95,000 as of this week, Olsavsky said. That brings Amazon’s total headcount to at least 935,400 employees, not counting additional hires in other parts of the company.

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The company has expanded its services to include helping students with their whole overseas study application process, and their life and studies while abroad.

The company founder and designer of work and travel bags wants the US authorities to put the brake on "devastating" duties on her signature handbags, which are made in China, and are among 0 billion worth of Chinese goods likely to be subject to hefty tariffs from the United States.

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The company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 24,000,000 additional ADSs to cover over-allotments.

The commission said this new form of paid leave helps enhance elderly care services for families with one child and protects their legal rights.