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The coal sector saw improving profitability amid the country's efforts to cut excess capacity and improve efficiency.

The company has accelerated product iteration and launched EVs that are suitable for quick charging to cut the waiting time for consumers.

The company has been updating its brand and images in the China market as a part of its global campaign to deliver a message that Michelin is "reaching closer" to consumers.

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The combined company will be based in Canada, becoming the largest online footwear company in the country. It will continue to operate offices in Seattle, with much of the management team remaining intact.

The company attributed the robust returns to rising infrastructure demand and the company's enhanced core competence.

The comments came after the annual tone-setting Central Economic Work Conference, which concluded on Friday in Beijing, outlined key tasks for next year in eight aspects, including efforts to improve industrial and supply chains to create a more independent and controllable position.

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The company has also said it doesn't actively seek foreign government business, and even tries to turn it away. Earlier this year, Eric Trump said the company goes "to great lengths" to discourage such spending.

The collapse happened at about 6:10 pm on Thursday along National Highway 312 after the overpass tipped to one side. A preliminary investigation suggested the collapse was caused by heavily overloaded trucks, Wuxi's city government said in a statement.

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The closure of schools poses an added stress to the education system, as many African countries are already struggling to provide quality education for all.

The company announced Tuesday that its 2018 revenue more than doubled, and businesses outside the US home market accounted for 43 percent of its total revenue in the fourth quarter of last year.