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Last month, Alibaba reported its gross merchandise volume exceeded 1 trillion for the first time in its fiscal year ending in March. Revenue from innovation and other businesses rose 90 percent year-on-year to 2.28 billion yuan in the quarter ending March 31, which was attributed to growth in online gaming and other business.

Last year, China sold 507,000 NEVs, an increase of 53 percent year on year. Sales of pure electric vehicles surged 65.1 percent year on year to 409,000, accounting for 80 percent of new energy vehicle sales.

Large-scale airports posted more sales revenue from their non-aviation business, especially in duty-free retail stores catering to affluent international travelers, helping to offset slower passenger throughput growth at major hubs in the country.

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Last year, at least 21 people died in the provinces of Laguna, Rizal and Tarlac in the main Luzon island after drinking the tainted liquor. The Food and Drug Administration of the Philippines found the deadly liquor contain high level of methanol, a prohibitive additive in lambanog.

Last year, 20 provinces and cities increased minimum salary standards, with an average increase of 11 percent from 2016.

Last year, Honeywell established a connected enterprise business in China, the only regional team outside the US market, which stressed the importance it attaches to, and the confidence it has in, the development of China's digital economy.

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Large amount of government assets make China capable of coping with potential financial risks, said a research report by the Chinese Academy of Social Sciences, the country's top think tank, on Thursday.

Last summer,?Alibaba launched 11Main.com,?a collection of online boutiques selling goods from the U.S. But still, even while that site is primarily aimed at Americans, it too is attracting Asian buyers. An executive at?11main.com told Reuters?a quarter of its products can?be shipped to Asia, and that eventually they hope to help sellers gain access to Alibaba’s huge footprint in China.

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Last year, spending on luxury products by Chinese consumers reached 770 billion yuan, and nearly 540 billion yuan were spent abroad. By opening more duty-free shops at the airports, it can help to redirect the spending on products like cosmetics, perfumes, bags and accessories to domestic retailers.

Last week, Plymouth Housing, another local nonprofit, announced it raised .8 million to build five new affordable housing buildings over the next four years. Microsoft and Amazon each donated million to the effort, as did former Microsoft CEO Steve Ballmer and his wife Connie.