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Schenz cited a recent survey conducted by the chamber's Beijing office, saying 28 percent of the surveyed subsidiaries of Austrian companies in China said they were doing business with Chinese partners outside of China. And a further 38 percent of the respondents said they were considering to do so in the near future, it said.

Sabre is an interesting tech crossroads: it built very sophisticated booking and marketing-management software that is used by countless companies in the travel industry, but the core of that system is still handcuffed to a massive data center running mainframes in Tulsa, Okla., DiFonzo said. As long as that’s true, the company needs to operate a private cloud data center in North Texas for apps that depend on those mainframes because of the speed of light: the delays in connecting to cloud providers caused by latency were simply too problematic, he said.

Same-day visitors dropped by 16.8 percent year-on-year to 1,258,358 while overnight visitors increased by 8.8 percent to 1,483,107. The average length of stay of visitors rose by 0.2 day year-on-year to 1.3 days.

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SYDNEY - Representatives from six major Australian businesses on Thursday inked contracts in New South Wales (NSW) state capital Sydney to take part in the China International Import Expo (CIIE), as part of a signing ceremony in the runup to the global event that has attracted more than 100 Australian enterprises so far, according to organizers.

Sam Lin, president of Cathay United Bank (China) Ltd, said at the opening ceremony of the Shanghai bank subsidiary on Sept 10 that it will apply for retail banking and wealth management licenses, with a focus on expanding its retail banking business.

STOCKHOLM - Volvo Cars reported on Thursday a record revenue for the first six months of 2019 of 130.1 billion SEK, up from 122.9 billion SEK year-on-year and supported by the best first half-year sales performance in the company's history.

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Sales of NEVs came in at 289,000 in the first five months, down 38.7 percent year-on-year, according to the China Association of Automobile Manufacturers.

Sales in China's car market has fallen for more than 15 months in a row, and many commentators have a pessimistic future outlook. Consulting firm McKinsey, however, has faith in a recovery saying there is still much room for a rejuvenation in the market with the emergence of much fiercer competition.

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Schmidt spent about three weeks completing the work with the support of his family and colleagues.

Sales of such services are expected to reach 7.28 trillion yuan (.1 trillion) this year.