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The removal of the equity cap in the commercial vehicle sector is part of a three-step measure the commission announced in April 2018 to gradually remove the limits of foreign investment in the country's car manufacturing joint ventures.

The regional grouping was initially established by Argentina, Brazil, Paraguay and Uruguay, and Venezuela subsequently joined.

The report predicted the scale of the market for metals extracted from used batteries would reach more than 52 billion yuan this year, and that number would more than double by 2020.

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The report shows that nearly half of the spending went to compulsory education, followed by higher education, ranking as the second-highest among all categories.

The regulatory landscape: Though there is a growing global awareness of the power and influence of Big Tech, Europe is leading the regulatory charge. The European Commission has fined Google billions of dollars for violating European competition law. Microsoft, Facebook, Amazon, and Apple have also absorbed hefty fines from the Commission. The European Union implemented sweeping data regulations known as GDPR in 2018 but France’s tax goes one step further. The U.S., meanwhile, is just beginning to investigate its tech industry over antitrust and privacy concerns.

The report also called for international cooperation and new cross-border public-private partnerships to ramp up production and supply of key medical supplies and services in the face of the pandemic, and ensure financial stability in the aftermath.

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The relationship between the two sides has been ongoing since last August, when Didi split off its autonomous driving unit as an independent company focusing on autonomous driving research and development, product application and related business development.

The report also said the kidnappers were waiting for the individuals in the car, which was parked on the roadside, citing witness accounts and closed-circuit television camera footage.

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The regulation, established by the State Council in the 1990s, states that prostitutes and their customers face detention ranging from six months to two years after they are caught by public security authorities.

The remarks came one day after US Commerce Secretary Wilbur Ross criticized China's subsidies on the production of robots and electric cars.