The company now aims at the research and development of 5G-related new products as this year will see wide commercial use of 5G globally. It is also speeding up entry into the global supply chain of high-end smart car manufacturers.
The company's offshore bonds have suffered, as analysts at banks including BNP Paribas SA have said investors should exit them. The 2024 notes issued by Wanda Properties International, a unit of Wanda Commercial, have lost 2.9 percent this year, the worst performer among high-yield dollar bonds from Chinese issuers in Bank of America Merrill Lynch indexes.
The comprehensive department of the Ministry of Commerce and the International Trade and Economic Cooperation Research Institute jointly issued a report on China's international trade situation on Monday.
The company is increasingly relying on its own logistics infrastructure as?shipping costs continue to spike?with?growing demand, particularly from Prime members who expect free 2-day shipping and access to Amazon’s 2-hour Prime Now delivery service. If USPS increases its rates, it could compel Amazon to accelerate?development of its private shipping business.
The company now operates 23 such logistics centers nationwide, with plans to build new ones in more than 30 major cities across the country in the next five years.
The company will increase investment in projects such as seawater desalination, biofuels, elderly care, quality control and management systems as well as energy efficiency and environmental protection, the chairman said.
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The company said new enterprise customers will maintain a relatively rapid growth as a large number of people return to big cities and more companies tell employees to work from home.
The company holds the title of being the world’s largest retailer because of its brick and?mortar retail stores, but increasingly, more of its?growth is coming from online.
The company hasn’t yet announced the new offering?and didn’t respond to questions about how it will work. But signs?inside the company’s new Kirkland, Wash., facility indicate Amazon Flex?will be a?new way for the company to distribute?packages, possibly letting customers pick up items from the Prime Now?center themselves.
The company will retain its operations in New York.