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Prior to joining Nomura, Lu was the global head of research and chief economist at Chinese brokerage Huatai Securities Co Ltd for two years. Before that, Lu worked at Bank of America Merrill Lynch as head of China economics.

Previously on GeekWire: High-tech peepers? Cops called after drone spotted outside of Seattle woman’s apartment window

Prime: Subscription services revenue, which includes Prime memberships, came in at .7 billion, up 39 percent. Amazon said it had more than 100 million Prime members in April 2018; it has not provided an updated number since then. A report last week from Consumer Intelligence Research Partners said Amazon had 95 million U.S. Prime members, with year-over-year membership growth slowing.

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Prices for used motor vehicles and trucks fell 1.3 percent, decreasing for a third straight month. The cost of new vehicles rose marginally. There were also declines in the cost of airline fares, alcoholic beverages and tobacco.

Prone to flooding and rapidly sinking due to uncontrolled ground water extraction, Jakarta is the archetypical Asian mega-city creaking under the weight of its dysfunction. Only 4 percent of Jakarta's waste water is treated, according to the government, causing massive pollution to rivers and contaminating the ground water that supplies the city. Congestion is estimated to cost the economy .5 billion a year.

President Xi Jinping, also the Party leader; Chinese Premier Li Keqiang and Liu Yunshan, a member of the Party's top leadership body, meet with heroes and role models from public security departments across the country at the Great Hall of the People in Beijing, May 19, 2017. [Photo/Xinhua]

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Producer price expansion could reflect improving industrial profits, experts say

Priorities needed to change, Hou said.

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Prices of resold housing in first-tier cities inched up 0.3 percent month-on-month in July, which remained flat in June, while those in second-tier cities reported an increase of 0.4 percent, up 0.1 percentage points from a month ago.

Presiding over a meeting of the State Council leading group on poverty relief, Wang, also head of the group, urged authorities to implement the central leadership's instructions through enhancing a sense of mission and crisis awareness, and targeting problems to fulfill the Party's promise to the Chinese people and the international community.