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Tesla moves a step closer to opening first European factory in Germany

U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday.The U.S.

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APD | South Korea exports 2.4 million cars last year

By APD writer AliceSouth Korean automakers exported a total 2.4 million vehicles in 2019, a year on year decline of 1.9 percent.The country’s Ministry of Trade, Industr

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APD | South Korea exports 2.4 million cars last year

By APD writer AliceSouth Korean automakers exported a total 2.4 million vehicles in 2019, a year on year decline of 1.9 percent.The country’s Ministry of Trade, Industry and Energy attributed the drop

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China's tertiary industry accounts for 53.9 pct of total GDP

The added value of China's tertiary industry accounted for 53.9 percent of the country's GDP, up 0.6 percentage points year on year, the National Bureau of Statistics

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China investigates nearly 4,200 smuggling cases in 2019

Chinese customs investigated 4,198 smuggling cases in 2019, up 16.8 percent year on year, data from the General Administration of Customs (GAC) showed Thursday. Of the

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Angola aspires to become third largest diamond producer

Angola is tapping into its potential and aspiring to become the third largest diamond producer and cutter in the world, the CEO of its national diamond company Endiama said on Monday. "We have bee

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E-commerce becoming propeller of rural boom in China: report

E-commerce platforms are helping China's rural areas prosper by efficiently matching the supply of local produce with the growing appetite of urban consumers, a report

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Overseas holdings of Chinese bonds top 2.2 trln yuan as of December

The total value of yuan-denominated bonds held by overseas institutional investors reached 2.2 trillion yuan (318 billion U.S. dollars) as of December last year, data from a state-owned financial

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APD | South Korea's foreign exchange reserves hit $408.82 billion in December

By APD writer AliceSouth Korea’s foreign exchange reserves reached a record high of $408.82 billion by the end of last month, a month-on-month increase of $1.36 billion

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APD | South Korea's foreign exchange reserves hit $408.82 billion in December

By APD writer AliceSouth Korea’s foreign exchange reserves reached a record high of $408.82 billion by the end of last month, a month-on-month increase of $1.36 billion, according to the Bank of Korea

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China to continue tax cuts campaign in 2020

China will make further efforts in tax cuts and fee reductions to increasingly optimize its business environment in 2020, the country's taxation authority said on Monday.The country will improve i

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APD | Iran’s cell phone production to touch 2m by 2022: Minister

By APD writer Muhammad SohailIran’s communications and information technology minister Mohammad Javad Azari Jahromi has said that four Iranian companies will produce tw

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China's futures market sees over 30-pct growth in deals

China's futures market mushroomed in 2019 with an over 30-percent year-on-year growth in deals, industry data showed. The total transaction of the futures markets across the country jumped 37.85 perc

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China enforces new national medical insurance catalog

China's new national medical insurance catalog came into effect Wednesday, including 70 new drugs with their prices slashed by 60.7 percent on average. Eight domestica

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Chinese artifacts stolen in museum

ApoliceinvestigationisunderwayafterfourmaskedmenbrokeintoamuseuminthecityofBathinSouthwestEnglandandstolevaluableChineseartifacts.Officerssaidtheybelievethethie

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Namibian economy contracts by 0.8 pct in 2017: statistics office

WINDHOEK,March29(Xinhua)--TheNamibianeconomycontractedby0.8percentin2017,comparedtoagrowthof0.7percentrecordedin2016,theNamibiaStatisticsAgencysaidonThursday.Th

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Knicks, Lakers most valuable NBA clubs - Forbes

TheNewYorkKnicksandLosAngelesLakersstilltopthelistofmostvaluableNBAclubs,accordingtoasurveyreleasedWednesdaybyForbes--whichforthefirsttimesayseveryfranchiseiswo