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But the biggest challenge still lies in localization. The European smartphone market differs considerably from Southeast Asian markets, where the company had already established itself as a competitive brand loved by young consumers.

By 2035, China aims for "decisive" progress in the plan, with basic modernization of agriculture and rural areas. By 2050, the rural areas should see all-around vitalization, featuring strong agriculture, a beautiful countryside and well-off farmers, the statement said.

But the year-on-year growth of industrial output，fixed-asset investment and retail sales all fell last month, official data showed on Thursday.

By 2019, China will be the second largest asset management market in the world, with more than trillion of assets under management by 2030, up from .8 trillion in 2016, according to Casey Quirk.

But the Shanghai math method is not magic. Knights said it works by encouraging a core emphasis on 'mastery' that ensures students grasp simple concepts before moving onto more difficult ones, and that builds confidence along the way.