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With so much at stake, Alibaba has been quick to take up the challenge by launching Luxury Pavilion.

With ongoing projects in 10 provinces, the company has more than 200 intellectual property rights and 60 invention patents.

With the coronavirus outbreak steadily receding in China, travelers are confident about stepping out again by taking short trips to neighboring areas.

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With special tax incentive policies, Zhengzhou is a pilot zone promoting the nation's cross-border e-commerce development. E-commerce giants including Alibaba and JD, as well as global logistics companies such as UPS and DHL, have established goods distribution centers in the city.

With the success of the China-Pakistan Economic Corridor, the BRI dream is becoming reality. The economic corridor has provided a massive investment opportunity for China while providing Pakistan with immense opportunities.

With the gargantuan fundraising from Alibaba, the Hong Kong stock exchange may easily secure a place among the top three in the global IPO league this year, and even retain the much-coveted title as the world's leading venue for listings for two consecutive years at the last minute.

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With inputs from Shadow Li

With regards to the first engine of economic growth, China's investment rate, which has been among the highest in the world for around three or four decades, is underpinned by China's high savings rates, and is therefore a major driver of China's rapid growth.

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With the app already available on the mobile app stores, urban residents living in the covered cities can upload photos of the management flaws, such as illegal parking and emergencies, through the app. The system will then give the best order by analyzing factors like location and traffic conditions to related government units.

With fintech companies eating into their business, traditional banks are now seeking partnerships with technology companies. In March, China Construction Bank, the country's second-largest lender by assets, formed a strategic partnership with Ant Financial, the financial arm of the e-commerce giant Alibaba Group.