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China's Hongbo Group invested 0 million to build a LED lamp factory in that country.

China's central bank is steadily promoting research and development pilot work for the digitalized currency, or the "digital RMB". Some key characteristics were further explained by a senior official on Monday.

China will roll out policies to promote the development of fuel-cell cars and detail plans on the construction of hydrogen refueling stations, as the country steps up efforts to cultivate a globally competitive new energy vehicles industry, the top industry regulator said.

China will give carmakers and the market a larger say in developing the new energy vehicle sector as part of its efforts to improve the sector's long-term competitive edge.

China will explore broader cooperation with Africa in such new areas of business as the digital economy, smart cities, clean energy and 5G technology to boost Africa's development and revitalization, Xi said.