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Instead, he committed to paying off the deficit by "growing the economy through productivity enhancing reforms."

Investors reacted positively, elevating Apple's stock by 5.5 percent to 3.06 in extended trading after the report came out.

Inside there is a stylish cabin that is packed with digital displays. They include a digital instrument cluster, a large infotainment system and display for the front seat passenger.

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Inside the Amazon Go store in Seattle.

Internet-enabled digital economy accounted for 30.6 percent of China's GDP in 2016, according to the China Internet Plus and Digital Economy Index published in April.

Investors are expecting another strong quarter of corporate profits, which could help alleviate concerns over global trade tensions, particularly between the US and China, and rising bond yields. Third-quarter earnings for S&P 500 companies are expected to have climbed 21.8 percent, according to I/B/E/S data from Refinitiv.

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Investors with a neutral or a mildly positive view on China, but who do not need to act urgently, could choose to grow their China exposure by simply sticking with their current policy benchmark - basically, by doing nothing. Any increase in A shares to the index theoretically would result in a larger China allocation as these investors would seek to remain neutral (or close to neutral) to the benchmark.

Internet giant Alibaba is creating an offline-and-online ecosystem of sorts in Southeast Asia to reduce reliance on home market China as well as to grow globally.

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Introduced in June 2014, more than 136,000 free trade accounts have been registered and opened by the end of March this year.

Investment in high-tech industries increased 1.9 percent in the first five months, rebounding from the 3-percent drop in the January-April period, the bureau said.