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In this era of financialization, company executives, who had previously been engineers or product experts, were largely replaced by financiers or people with political influence. It is not surprising that the Boeing 737-Max fiasco happened at a time when the company did not have a single engineer on its board of directors.

In these aspects, leaders from China and Kazakhstan have similar strategic guidelines, ensuring all people's well-being is fundamental for a country's prosperity in the 21st century, he said.

Indeed, NB-IoT's narrow band radio technology was developed to enable a wide range of low-power devices and products to be connected to the internet.

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In the world of business, the term platform has come to refer to a state in which machines interact seamlessly to knit together complex processes and tasks performed by various parties. Amazon.com is a platform.

Independent analyst Patrick Moorhead of Moor Insights & Strategy called it an “exceptional quarter,” pointing out that AWS’s growth of .5 billion in net sales for the quarter is larger than the overall annual revenue posted by many cloud companies. On an annual basis, he noted, the division’s quarterly result would make it a billion business.

Industry experts said that competition among the sector leaders is no longer limited to market scale or technological superiority, but is more about competition in system design and regulations.

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Inadequate financial knowledge is the crux of these household asset management problems, said Zong Lexin, vice-president of China Guangfa Bank. Financial institutions should popularize financial literacy, apart from offering products and services that meet household demand, he added.

Information from the Statistics and Census Service indicated that the increase of the index was due to rising charges for hotel accommodation and restaurant services, higher bus fares and airfares, and higher prices of local food products.

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Industry analysts said with large amounts of space available inside shopping malls, malls could add more types of business operations, such as holding parties, and providing areas for business negotiations and dating, to strengthen their social functions.

Industrial sector plays key role in achieving stable growth as profits see big uptick