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As a leader in Global Fortune 500, the company has run business in China for 22 years. The upgrading of consumption in the modern society is bringing Walmart more opportunities. "We are increasing investment in different fields in China and we are optimistic about the market," said Shih.

As a newcomer to the China International Import Expo this year held in Shanghai from Nov 5 to 10, Cardinal Health showcased a range of its newest vascular intervention and patient recovery innovations to both domestic and global visitors, while it also unveiled a new research partnership with BrosMed Medical Device Co Ltd aimed at developing the next generation of percutaneous transluminal angioplasty (PTA) balloon products.

As head of the largest communist party in the world, Xi's challenge is to re-engineer the CPC to ensure it can effectively and innovatively deliver leadership. The question is how to take Marxism, a 19th-century economic theory that analyzed social relations during the industrial revolution, and make it relevant to China in the 21st century, when the nation leads the world in green finance, mobile phone banking, artificial intelligence research and robotics development.

As demand for high-powered drives has surged fast in the past several years, the US company opened a late point configuration center late last year. The assembly line allows its Shanghai factory to build high-power, low-voltage drives for the China market.

As government helps flagging vehicle purchases, manufacturers are warned not to be complacent