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Short-term and long-term investments
12 Months Ended
Dec. 31, 2019
ZHEJIANG TIANLAN  
Short-term and long-term investments

The Group's short-term investments consist of wealth management products and long-term investments consist of minority ownership interests in one (2018: two) limited liability company, generally from private equity arrangements. These investments are carried under the equity method of accounting, with changes in the carrying value reported as realized gains or losses in the consolidated financial statements.