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During the same period, Hangzhou Hikvision Digital Technology Co Ltd, a supplier of video surveillance products and solutions, saw its shares surge 152 percent.

During the past May Day holiday, nearly 10,000 tourists from nearby cities took advantage of various services the company provides, he said.

During the Forum on China-Africa Cooperation's 2018 Beijing Summit, President Xi Jinping announced China's plan to extend an additional billion in financing to Africa. Among the 10 points in the China-Africa cooperation plan adopted at the summit were 50 projects on green development, and Xi announced China's plans to train 1,000 high-caliber Africans, provide 50,000 government scholarships, sponsor workshops and seminars for 50,000 Africans and invite 2,000 African youths for exchanges.

During the first nine months of 2017, consumer loans and personal business loans increased rapidly in Xiamen. The growth rate was 30 percentage points higher than that of the previous year. The regulators believed part of the funds were used for house purchasing, said Zhang Xintan, director-general of the Xiamen Office of the China Banking Regulatory Commission, at a news conference on Thursday.

During the event, domestic electronics giant Lenovo showcased its latest progress in smart applications for offices, homes and transportation. The firm's vice-president, Wang Chuandong, explained that there are three criteria to define a truly international brand: products available in at least half the world's markets, a grasp of world-leading technology and products or brands winning recognition in mainstream markets.