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Student volunteers from the Central University of Finance and Economics serve and accompany Asian guests who participate in the Conference on Dialogue of Asian Civilizations held in Beijing in May. [Photo provided to China Daily]

Still, though, it appears investors seem content with the long-term bet they are making in the company as Amazon’s share price continues to rise despite profits that range from slim to none. Amazon’s market value is currently 4 billion, compared to Apple’s (5 billion), Microsoft’s (7 billion) and Facebook’s (4 billion).

Strategic, focused investments to help optimize overseas moves

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Still, though few people among the audience at the Beijing public event were able to afford such fine violins, Maki feels the market here has great potential, and is worth cultivating. Maki's visit to China last summer was, in part, to bring four violins made during the 17th to 18th centuries by the best Italian violin makers to a potential client in Shenzhen.

Such a retreat in global ambition comes in sharp contrast to Ofo's aggressive overseas push a year ago. By the end of 2017, Ofo said it was operating in 20 countries. But now the company seems to be readjusting its international strategy.

Su Xiaohui, a senior researcher of international strategies at the institute, said it was the Indian military that started the provocations, the illegal crossing and the physical confrontations.

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Stressing on why Chinese market should be focused, Lakpa said that Chinese are among the climbers who spend lavishly for the guides. "They spend more than Western climbers in most cases. They also give handsome tips to their guides," said Lakpa.

Such moves have helped strengthen the company's financial capability to support the development of its main business, improve its corporate financial structure and corporate governance, and eventually helped preserve and increase the value of State-owned assets, the company said.

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Such homes can be purchased by qualified professionals from throughout Chinese mainland as well as the Hong Kong and Macao special administrative regions, according to the guideline published on July 28.

Such a database has already been put into place in Shanghai, Chongqing, and the provinces of Guizhou and Sichuan, a result of joint efforts made by provincial prosecutors and police in a bid to promote a long-term mechanism to punish and prevent crimes against minors, according to Shi Weizhong, director of the ninth prosecutorial department of the Supreme People's Procuratorate.