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Several high-profile Western brands have struggled to crack the market in China, where consumer preferences differ and bricks-and-mortar sales are dwarfed by online purchases.

Shares in about 47 percent of telecom enterprises are directly held by foreign investment, while the rest are owned by indirect foreign shareholders.

Sharing bikes from Mobike and Ofo are parked along the street on July 22, 2018. [Photo/IC]

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Shanghai has set a target to help businesses reduce their cost burden by 50 billion yuan (.2 billion) this year, according to the commission.

Shafiqa said she hid her famous son's face with a scarf to prevent him from being recognized as they fled.

Shares of Canada Goose Holdings Inc, the maker of premium parkas, slumped almost 20 percent during the past week on the Nasdaq. During the same period, Hong Kong-listed Chinese down-coat maker Bosideng International Holdings Ltd, surged 14 percent to a five-year high.

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Shanghai has found a new use for its public phone booths — as mini-libraries.

She added that Sunday's district council election, unlike previous district council elections, had a more political dimension to it — given the large number of voters coming out to cast their vote, perhaps not only to select a preferred candidate for the district council, but also to express a view on many issues in society.

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She added that it is imperative to enhance people's capability of discerning traditional Chinese culture from such outdated modes of thought.

Shanghai's Party chief Li Qiang said the city will fully support Alibaba's industrial deployment and the promotion of innovative business scenarios in areas such as internet finance, new retail and smart city tech.