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Big names in the global life science industry also eye new opportunities in Wuxi. AstraZeneca, a global biopharmaceutical giant, signed a memorandum of understanding with the Wuxi National Hi-Tech District at the Boao Forum For Asia earlier this year. The deal commits the company to supporting the building of Wuxi International Life Science Innovation Park.

Bilateral trade between China and India amounted to 229 billion yuan (.7 billion) between January and May, up by 30.1 percent year-on-year, according to the General Administration of Customs.

Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least billion so far.

Both Alipay and competitor WeChat Pay have ramped up their international expansion over the last two years.

Blockchain provides an opportunity for more direct communications. Meanwhile, front-end system development costs can be reduced, and business processes are also optimized.