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Arul pleaded not guilty to the charge. He joined 1MDB in 2015 with the task to turn around the debt-laden state fund but was sacked in June following the change of government after the May 9 general elections.

As China's continuously improving business environment has provided global companies a fair and open market, an efficient supply chain and a competitive talent pool, foreign direct investment in China increased by 6.3 percent year-on-year to 899.38 billion yuan (7.6 billion) between January and November of this year, according to the Ministry of Commerce.

Apple Inc is expected to set up a Chinese data center, costing 1 billion dollars, in Guizhou. In H1, revenue of Internet companies in Guizhou grew by 171 percent year on year. Tourism rose by over one-third year on year as the province becomes one of China's most popular tourists destinations.

Artificial intelligence industry insiders have called for more research and innovation to spur industry development after a tech hub in Beijing offered funding of up to 30 million yuan (.2 million) for AI startups.

As China is the world's leading source of outbound tourism, Uruguay and other countries are hoping to enjoy a share of the market.