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He said the administration will promote business registration through electronic platforms and streamline documents needed for registration.

He said the move will also raise public attention on protection of the Chinese pangolin, which will benefit the species long-term.

He said the process to develop the model is full of difficulties, but finally his team of veterans from such brands as Volkswagen, GM and SAIC Motor are helping Enovate to deliver products that can compete with traditional carmakers.

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He said that those Western countries that are threatening China with sanctions are hurting their own interests.

He told Xinhua that the company's vision is to lead the trend of global wearable devices and the changing perception of healthy lifestyle.

He said the Chinese government encourages enterprises to invest in Russia's Far East and expand cooperation in manufacturing, resources exploitation, infrastructure, agriculture and tourism.

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He told the hundreds of guests in attendance, including Chinese Ambassador Bai Tian, that total bilateral trade between Malaysia and China in the last year remained strong at .3 billion.

He said the meeting will help to boost coordination with all relevant sectors, especially in implementation, finding solutions to challenges, and drafting an action plan.

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He said the two countries should expand industrial and market cooperation, driven by innovation, and jointly explore the third-party markets.

He said the company's first electric car, the Mission E, will start production in 2019 and more will follow soon, adding that Porsche already has hybrids and plug-in hybrids in the market.