In the last quarter alone, Airbnb has seen more than 1 million guest arrivals at listings in China. Compared to the same time in 2016, that number has almost tripled, and the company's domestic business in China has grown 100 times from 2015 to 2017.
In the long term, however, the yuan may face appreciation pressure against the dollar, because for many years ahead, China would still be on track to the higher growth than the US as a developing country, Mei said.
In the opinion of local political pundit Song Sio-chong, the American mainstream media have given extra attention to what has happened in Hong Kong because the US wants to use Hong Kong to contain China.
In the second scenario, Amazon is pausing just two of several construction projects underway to pressure the City Council in advance of its May 14 vote on the head tax. Starting Tuesday evening, Amazon informed builders working on the 17-story?Block 18?project to halt construction until the Seattle City Council votes on the tax. Amazon also said it is considering sub-leasing its massive Rainier Square office project to another company, rather than occupying it itself, pending the city’s decision.
In the six decades since the democratic reform, the overall living conditions of the people in the region have improved dramatically.
In the second quarter of the year, a whopping 80 percent of online transactions in the mainland were executed through mobile devices, according to data from digital consulting company China Internet Watch. Such a mobile-first mindset bolsters the country's 5 billion mobile shopping market that recorded a 46 percent growth year-on-year in the second quarter.
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In the next five years, Bell Helicopter Textron Inc plans to triple the size of its fleet in China.
In the meantime, the company will remain focused on moving food in other ways. It still delivers groceries from Whole Foods via Prime Now in more than 80 U.S. markets. And just this month it invested further in its original grocery service, AmazonFresh, which operates in 15 metro areas.
In the most recent incident, three suspects were detained after video footage showed staff members at the center treating children roughly.
In the second quarter of this year, one in three smartphones sold in China was a 5G phone, the market research company Counterpoint Research said.