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Among them, Huawei Technologies was manufacturing at more than 90 percent of its capacity, Gree Electric Appliances at nearly 80 percent and Midea Group at more than 70 percent.

Among 53 listed central State firms that have so far filed annual reports with the Shanghai and Shenzhen stock exchanges, 43 firms, or more than 80 percent, witnessed surging profits last year.

Amid the ongoing novel coronavirus epidemic, a large number of Chinese companies have ordered employees to work from home, looking to curb the spread of the epidemic as many staffers return from the Spring Festival travel rush.

Amazon’s aggressive promotion of its Price Check App shows the lengths they are willing to go to exploit this tax loophole, and is a stark reminder of why Congress needs to act to protect retailers on Main Street.? A failure to act is an implicit endorsement of a subsidy of Amazon, a subsidy that distorts the free market and puts jobs on Main Street at risk.”

Amid the upgrades in consumption and the booming internet businesses, retail built on online relations is an inevitable trend, as brands are seeking closer interaction with consumers and consumers are expecting targeted services, said Ma He, investment manager of Meridian Capital China.