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The investment plan came as Lenovo surrendered the title of the world' largest PC maker to HP in the first quarter of 2017, marking the first loss since 2013, according to a report by IDC. In the first quarter, Lenovo accounted for 20.4 percent of the world PC market while HP had 21.8 percent share in terms of PC shipments.

The investigation has been done by the Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission.

The joint venture's performance brought sales of Ford-branded vehicles in China to 92,885 in the second quarter. Despite a 28 percent fall year-on-year, the figure was a 24 percent surge from the first quarter, statistics from Ford China showed.

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The jury is still out on whether Amazon can find a place for itself in the fashion world. In a story on Amazon’s push into fashion, the?New York Times poked fun?at the Amazon founder for hanging his Amazon badge from the pocket of his Prada jeans. Presumably he left the ID at home for the Met Gala, but you never know what was under that tuxedo jacket.

The investment risk in the emerging economies is relatively higher than in the advanced economies, but the emerging economies remain the most promising destination for China's overseas investment. Furthermore, the average investment risk in the countries and regions involved in the Belt and Road Initiative is lower than in the overall risk, the annual report said.

The joint venture will invest in the ride-sharing industry with a focus on new energy vehicles. The statement added that it will not engage in other businesses.

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The investors said there is an urgent need to deepen reform and facilitate the opening-up process to boost market confidence. China should deepen ongoing reforms related to State-owned enterprises, develop mixed ownership structures and improve the quality of listed companies, they said.

The landscape of Bishan village. [Photo provided to China Daily]

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The internet giant saw daily transaction volume top HK0 billion (.7 billion) in Hong Kong on Friday, with its price tumbling as much as 4.42 percent to HK0.

The law enforcement action was taken after an illegal assembly was held in Western District on Hong Kong Island on July 28, during which radical protesters blocked roads along Connaught Road West and Des Voeux Road West near Western Street.