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The statement issued by the regional government on Thursday afternoon did not say which principal officials will accompany Lam.

The size of IPO is set in a range of -12 billion, which represents a price-to-earnings ratio of 22-28 times based on 2019 predicted net profit.

The store, which is on the first floor of an apartment building in Tianhe district, takes almost anything - except big items, clothes, shoes or stuffed animals - at prices set by Zhang. Customers build up credit to acquire items, but can also pay for them in cash.

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The startup also teamed up with the world's leading IT companies, such as Intel Corp, Inspur Group and Dell, for application development of the AI chip.

The slowing growth can be partly attributed to the government's measures to cut taxes, the largest contributor to fiscal revenue, said Hu Yijian, a professor at Shanghai University of Finance and Economics.

The startup's cloud-based system also allows power suppliers to optimize their operations by monitoring and balancing the power demand from vehicles on the grid.

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The software and information services sector achieved an operating revenue of 774 billion yuan, an annual increase of around 6 percent and ranking high in the country, Chi noted.

The state police said the bus departed from Orlando, state of Florida before stopping in Rocky Mount, state of North Carolina, for a driver switch and was continuing north to its final destination in NYC when the crash occurred.

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The sometimes harsh conditions are not to everyone's taste, said a friend, but Chen has overcome a host of problems.

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