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The kingdom is embracing transformation in many aspects, which generates infinite potentials for the market, Du said.

The launch of the platform comes one month after China released its national AI development plan. Under the roadmap, the country aims to grow the industry to 1 trillion yuan and become a global leader in AI by 2030.

The latest Chinese Automobiles 2018 Report by London-based brand valuation consultancy Brand Finance reveals that the gap between international SUV brands and those from China is closing, with improved technology raising the price of Chinese models, and a significant increase in competition prompting discounts by joint-venture companies.

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The latest national census in 2010 estimated that more than 10.6 million Chinese aged 60 or older live outside their registered home regions.

The latest voluntary tariff cut will directly benefit the economic growth and employment of car exporters, Liu said. "Many positive effects will be felt in the global economy." Most of China's car imports last year were from the United States, Germany, Japan and the United Kingdom.

The investment gain, compared with the negative 2.96 percent return in 2015, was boosted by a rally in the stock markets in the US and Europe, as well as active adjustment of CIC's investment portfolio, Li Wenping, managing director of CIC's department of finance, told reporters at a news conference.

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The latest data showed that Oppo has accumulated 320 million users worldwide with over 100 million monthly active app users.

The joint statement issued on Saturday by China and the United States after two days of economic and trade consultations in Washington shows that negotiation, rather than unilateral trade action, is the right way forward to address thorny bilateral issues.

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The latest US-led war that the Philippines was involved in was the 2003 Iraq invasion, which just marked its 15th anniversary Tuesday.

The joint venture will integrate Yitu's AI algorithms into Synthesis' hardware to offer better services.