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Yongkang-based Haers has also introduced new product lines to attract younger consumers. The Nonoo series is one such example.
Yet for the rest of the world, the CPC has offered more than economic miracles and growth locomotives.
Yu Aizhi, a professor at Central University of Finance and Economics who specializes in rural economy, said it is essential for central authorities to see to it that damages are compensated, which helps add to the government's credibility.
Yonhap news agency reported that China's industrial activity showed a V-shaped recovery given that the industrial production plunged 13.5 percent for the first two months of the year and 1.1 percent in March before growing 3.9 percent and 4.4 percent year on year in April and in May respectively.
Yu Jianlong, secretary-general of the China Chamber of International Commerce, said that as the SCO has entered the next stage in its development, its member economies now have more strength to jointly tackle global challenges and further develop markets in Europe, the Middle East and Africa through the Belt and Road Initiative.
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Yonhap also said an ROK official has confirmed the report of the DPRK's dismantlement, noting that Pyongyang appeared to have partially disassembled a tower crane near a launchpad at the test site on Friday and again on Sunday.
Yu said uneven preparedness for a full ban along the river has added pressure to the goal, and one major issue is inaccurate and incomplete information on fishermen.
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Yet Chinese companies mostly follow existing innovation rather than creating breakthrough innovation, because they need to pursue clinical development programs that have higher likelihoods of success to reach commercialization and survive, Zhou added.