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The combined profits of China's SOEs rose 5.4 percent year on year to 2.94 trillion yuan (about 8 billion) for the January-October period, the Ministry of Finance said on its website.

The collapse happened around 8:40 pm on Wednesday at a subway construction site in Foshan city. Eight people were killed on the spot, three are missing and nine have been taken to hospital, according to the city government.

The company claimed it had done trials and proved the safety of its product, as long as it is taken correctly and in the right dosage.

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The company claimed that some members of the group are themselves hindering the fight against counterfeits.

The company announced plans to build 600 new stores annually over the next five years in China to double the number of existing stores to 6,000 in 230 cities.

The cleanup has led to growth. Data from the State Council Information Office showed that in 2018, Hubei's gross domestic product reached 3.94 trillion yuan, 215 times more than the 2.45 billion yuan in comparable prices in 1952. The national ranking of the regional GDP has been at seventh place since 2016.

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The company has recorded 224 oil contracts with 81 international oil companies from 21 countries and regions in the past 40 years, since the reform and opening-up of the country, attracting foreign investment of 50 billion yuan, 47 percent of the country's total investment in offshore exploration, he said.

The comments were made as the recently announced intention of the US to impose tariffs has heightened global concerns over potential trade confrontations, particularly those between the world's two largest economies.

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The company has set up a total of 3,143 vending machines to sell agricultural products in the 320 Wanda malls across over 200 cities in China. The sales revenue will go directly to the villagers producing the agricultural products.

The company already has offices in Singapore and Japan. In December, Sense-Time announced that it is developing self-driving solutions in partnership with Japanese carmaker Honda. Founded in 2014, Sense-Time is known as one of China's top facial recognition startups. Having achieved profitability in 2017, the company said it has rapidly deployed its computer vision and other AI technologies in smart cities, smartphones, internet entertainment, automobiles, finance, retail, and other industries.