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City officials have urged a thorough safety overhaul of illegally operated business venues and rental houses in Beijing.

Chui stressed that the Bay Area plan means unprecedented development opportunities. The Macao SAR government will fully cooperate with the country's arrangement and participate in the development drive with its unique advantages, Chui said.

Chinese television manufacturer Konka Group Co Ltd said it will increase its investments in 5G, 8K ultra-high definition, the internet of things powered by artificial intelligence (AIoT) and micro LED, as part of a broader push to propel the development of the semiconductor display industry.

Clear boundaries will help boost private participation, said Wei Jianguo, vice-president of the China Center for International Economic Exchanges.

Clearly,?the 42-year-old company has a huge head start.?Even though the latest quarterly results missed Wall Street expectations, and it reported a loss of 5 million, or .16 per share, revenue totaled .1 billion for the?quarter.