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Lu said solid R&D and breakthroughs are needed to increase output from the next trial, to make combustible ice lucrative. Safety issues, production sustainability, environmental impact and political concerns are key factors.

Lou Yixiao takes a selfie with residents of Goulanyao village in Jiangyong county, Hunan province. [Photo provided to China Daily]

MANILA - The Asian Development Bank (ADB) and South Korea on Thursday signed two agreements that will enhance joint efforts to provide additional financing and technical assistance to ADB's developing member countries.

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Lv Tiangui, business director and general manager of the retail banking department at China CITIC Bank, said the bank has steadily improved the contribution of retail banking to its value. Net operating income from retail banking accounted for 34.7 percent of its total of 165.77 billion yuan last year, and the contribution grew by nearly 10 percentage points during the last 10 years.

Lyu is optimistic the company’s revenue could exceed 50 million yuan (.3 million) this year.

Luckin recorded 375 million yuan in revenue while the loss and gross margin were 875 million yuan and -433 million yuan in the first nine months of last year, according to NetEase, citing the firm's financing plan.

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Luo said that besides GDP growth, Jiangbei New Area pays great attention to the environment, including some unique characteristics.

Lowering import tariffs will encourage domestic production, such as in aeronautical manufacturing, and mitigate the impact of the COVID-19 pandemic, Tu added.

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Lorgan explained to the association newsletter that he was just being pragmatic.?“We have all kinds of marketing programs to drive people into the store, but the truth is most college stores have about 50% market share today,” he said. “Do I want to get a small piece of that 50% I don’t have, or do I just want to give it up? Consumers have a lot of choices and all retailers have to adapt to the fact that they are just one of many options.”

Lu said he had seen the report and reiterated that China's consistent position has been that the peninsula should be denuclearized peacefully through talks and that peace and stability should be maintained.