Still, the results of the study represent a growing concern for Amazon: the Seattle-based retailer will have to collect sales tax on 60 percent of its American customer base when it begins tax collection for customers in Florida on May 1, and that number will almost certainly grow as more states look to gain revenue by tapping into the growth of e-commerce.
Such an attitude is a sharp contrast from several years ago when Oppo roped in six popular Chinese stars to promote just a single smartphone model.
Strong demand is foreseen for construction machinery, especially excavators and concrete machinery, Credit Suisse strategist Li Chen said.
Stores through the centuries
Students from Fujian Agriculture and Forestry University are awarded the best IoT design prize at the 2018 TIIC-National Undergraduate IoT Design Contest in Wuxi, Jiangsu province on Sept 16. [Photo by Xiao Da/chinadaily.com.cn]
Steve Jones
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Strengthening role of WHO, including better sharing of information, seen as step toward improving global health governance
Stepping up efforts to launch a science and technology innovation board in Shanghai and experimenting with the registration system will be atop Yi's work agenda, said Tang Yao, an associate professor at Peking University's Guanghua School of Management.
Stronger consumption power means huge market potential for goods and service trade across the globe, and more cooperation opportunities for the world, said Gao Yuwei, an analyst with the Bank of China's research department.
Stronger communication is the key to develop a trusting relationship between China and the US, he said.