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LeEco has also cut staff in China, the United States and India. Local media said it was scaling back plans in Russia.

Lee Hiu-ching, 17, is a high school student who had participated in two similar exchange trips before. She was surprised to find Hangzhou is so modern, with unique cultural traditions.

Lee gave examples of technological innovation in China: hypersonic vehicles, which travel at five times the speed of sound or faster; artificial sun technology, with a goal of being operational by 2023, could be used to generate clean energy for China in 50 to 60 years; and quantum computing — China will open a billion quantum computing center in 2020. The computer could have a million times the power of all other computers presently in the world.

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Law enforcement officers in Shanghai have begun issuing fines for trash sorting violations after municipal regulations on domestic waste management were implemented this month.

Last year’s big story at CES was the rise of Amazon Alexa as the voice assistant of choice in everything from cars to refrigerators. But this year, the Seattle-based company will have plenty of company — and competition — at the giant tech trade show in Las Vegas.

Lee has successfully transformed Samsung into a global electronics Titan and one of the world's largest producers of smartphones, televisions and memory chips.

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Leaked blueprint of Amazon HQ2 pic.twitter.com/EwuLXQAc6R

Launched in 2015 in Shanghai, CES Asia is the premier event showcasing innovation and the evolution of technology in the Asian market, which has enjoyed growth and success in the past years.

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Leading property companies also tightened cash flow controls over the last two years, which helped the average net increase in cash and cash equivalents of Hong Kong-listed and Shanghai or Shenzhen-listed real estate companies grow 13.8 percent and 16.8 percent in 2019, respectively.

Lei Jun, founder and CEO of Xiaomi, said 2018 saw their large home appliance business grow into a "robust business unit," and also marked the start of the company's overseas IoT business expansion.