The remaining 10 percent will be held by Eastern Air Logistics' employees, it said. Detailed financial terms have yet to be disclosed.
The remarks came after the internet giant announced on Friday its decision to buy out local chipmaker Hangzhou C-Sky Microsystems to help boost the nation's self-sufficiency in the sector.
The report stated that there was no evidence that Trump's campaign conspired with the Russian government during the 2016 US presidential election but didn't conclude if the president had obstructed justice.
The report also identified Shanghai's pivotal role in where the talent goes, said Chen Yubo, head of Tsinghua University's Center for Internet Development and Governance in the School of Economics and Management.
The regulations include those required by the reform on abolishing and delegating government permits, as well as those that are no longer applicable in practice.
The report disclosed that so far this year, local governments have been continually reducing their contingent liabilities, the so-called hidden debt off the balance sheet. Measures include debt swap programs and non-standard loans, to lower the financing costs and rollover debt.
贵州省心理康复治疗
The report showed that in the first half, the net profit of city and rural commercial banks dropped by 12.6 percent year-on-year in Northeast China, 8.65 percent in the Circum-Bohai Sea region and 0.16 percent in West China. In the central and southeast coastal regions, however, the net profit of city and rural banks grew 0.87 percent and 5.36 percent, respectively.
The regional GDP has grown to 1.09 trillion yuan (7.8 billion) in 2017 from 753 billion yuan in 2012, with an average growth rate of 9 percent. Despite the economic growth, the unbalanced development between southern and northern Xinjiang remains obvious, Shokrat said.
The report says that the tariffs plus retaliation will hurt every US state, including those in the Rust Belt, many of which voted for Trump in the 2016 presidential election. The 10 states that would suffer the highest job losses are California, Texas, Washington, New York, Georgia, Missouri, Pennsylvania, North Carolina and Ohio.
The report showed that the importance of online channels reached a high of 34 percent in the second quarter due to the COVID-19 impact and the June 18 shopping festival. However, in July and August, the growth of online sales became more rational, and the importance of online channels fell to 25 percent and 27 percent, respectively. Meanwhile, offline channels started to recover in full momentum, and the importance of offline channels in July and August was 75 percent and 73 percent, respectively, compared to 66 percent in the second quarter.