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Among the 21 industries surveyed, 12 were in the expansion zone, up from 9 in June, Zhao said when elaborating on the economic indicator.

Among all these factors, government support is the key. As the export-led manufacturing model will inevitably run out of steam, new wealth and sustained growth can only be achieved from the innovation of industry through the application of information technology.

Amazon’s creative methods of reducing its taxes are well documented. The company didn’t pay federal income tax in 2017 and in the past, did not pay sales taxes in many states. Today, Amazon does pay in all states that have sales taxes.

Amazon’s ambitious plan to offer one-day delivery for Prime members is already costing more than expected. But at least one investment bank is betting that the shipping initiative will be a long-term boon for the company’s stock price and overall sales.

Among the total, 291 were registered for debt investment plans and nine for equity investment plans, with the fund size reaching 504.78 billion yuan and 20.02 billion yuan, respectively, the association said.