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Six people were sentenced to 5-10-years imprisonment, and the others received less than five years in prison, criminal detention or public surveillance.

Sinolink Securities said the pop toy market in China is valued at 20.7 billion yuan and poised to grow at an annual rate of 29.8 percent in the next five years, exceeding the growth rate of chip sector. The market is forecast to reach 60 billion yuan in the next three years.

So far, EVE's installed capacity of power batteries in new energy buses has been among the top three in China since 2018.

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Sinopec's Apache investment was its first foray into Egypt. It was also an attempt to increase its production of oil equivalent during the peak season.

Smartphone vendor OnePlus is partnering with McLaren to launch a new model in China, as part of its broader push to boost brand image among consumers.

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So brands in the beauty sector are in the forefront. Upon the opening of its Tmall store, France's Guerlain used a live-streamed broadcast on Tmall to secure 50,000 followers for its newly launched store, and has generated over 4 million "likes" and comments, according to Alizila, Alibaba's company news portal.

Sino-US consensus on trade relations to spur renewed momentum, say experts

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So far this year, the CSRC has imposed administrative penalties on 113 cases and slapped total fines of 6.4 billion yuan (3 million), which is 1.5 times last year's total.

Small businesses in China have an acclaimed record of helping Alibaba lay a solid foundation for a decade of rapid growth, and transform the e-commerce company into today's robust conglomerate that has 50,000 employees worldwide and has generated 7 billion in gross merchandise volume as of March 2017, said Ma.