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The biggest hurdle we’ve overcome is: “The most critical challenge has been winning and launching our first business customers on doxo. Getting businesses to commit to something new is never easy. We’ve only been out of invite mode since late June, and have signed and launched with some great businesses…It’s just the start, but some of these businesses are already connecting and turning off paper mail with thousands of customers a month.”

The beans take their time to grow, and by March they are bushlike, with heavy green foliage hiding the beautiful flowers with their deep purple, almost black, hearts. Then the plants devote their full energy to plumping up their pods.

The auto aftermarket are providers of vehicle spare parts and classic auto repair and maintenance services. According to market research firm Ipsos, the average age of vehicles in China is expected to reach five years by 2018.

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The asset transaction will give CNPC a stake of about 30 percent and make it the largest shareholder of the pipeline company, which also lays a solid foundation for Beijing's future plans of creating a fair market and boost investment in oil and gas production, said Li Li, research director at energy consulting company ICIS.

The bank is interested in many areas including custody and futures businesses, she said.

The authorities have been making efforts to shift the economy toward a growth model driven by consumption, services and innovation.

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The bank has introduced 26 types of external data, such as data from taxation, customs, and industry and commerce administrations, to its data warehouse. After it has added up and cross-checked various types of information, the bank will create a profile for each corporate client and select those with a good track record for an automated loan approval process, based on its own ratings model, said Zhang Weizhong, general manager of the financial inclusion department of China Construction Bank.

The author is Asia-Pacific chief economist with IHS Markit. The views do not necessarily reflect those of China Daily.

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The battle for grocery industry dominance continues to heat up, particularly after Amazon’s .7 billion acquisition of Whole Foods last year. Amazon has rolled out various integrations with Whole Foods since the deal, including expanded grocery delivery. Walmart is also investing in online initiatives and is partnering with China-based JD.com, a rival of Alibaba.

The ban was lifted on Friday following a series of meetings between European Union and Chinese officials, who were ultimately satisfied that the cheeses were not harmful to consumers.