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Overall, e-commerce channel growth slowed slightly to 30.6 percent between 2017 and 2018, compared with 35.1 percent annual growth between 2014 and 2018. Penetration in first-tier cities leveled off at around 80 percent last year.

Our third company visit was to Amazon. I expected a campus setting similar to Microsoft, but Amazon is integrated into the heart of the city with cafes, restaurants and shops sprinkled in between its buildings.

Over-the-top streaming services are on the rise. (Shutterstock Photo)

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Owners in China's northeastern provinces initially spotted problems with lubricant levels in the 1.5-liter turbocharged EarthDream engines during very cold periods.

Owing to its innovative products and growing recognition as a premium device brand, Huawei Consumer Group shipped in 139 million smartphones during 2016, contributing to 25.9 billion U.S. dollars in annual revenue.

Over the weekend, Sen. Elizabeth Warren and Rep. Pramila Jayapal also called Amazon out for spending .45 million on an effort to unseat the Seattle City Council, whose current leadership is often at odds with the tech giant.

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Over the past two years, they have also made trips to the US and the UK to meet with politicians such as US Secretary of State Mike Pompeo and Vice-President Mike Pence to seek foreign sanctions against Hong Kong and the Chinese mainland.

Overall, market stability appears to remain tenuous.

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Over the past few years, China has actively expanded imports, and gradually reduced the threshold for foreign goods to enter the China market. The country has also significantly reduced import tariffs many times, in addition to the introduction of some favorable policies for cross-border e-commerce business.

Over the four decades, the Chinese people have worked hard as one under the strong and coherent leadership of the Communist Party of China (CPC), the white paper said. Huge changes have taken place, and living standards have significantly improved.