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The report also pointed out that China's economy may become stronger in the long run, so it will be more important as a market.
The report finds that Amazon “has monopoly power over many small- and medium-sized businesses.” It says these businesses largely “do not have a viable alternative to Amazon for reaching online consumers.” The report alleges that Amazon “has engaged in extensive anticompetitive conduct in its treatment of third-party sellers.”
The regulator said that KPMG was fined 5 million pounds, discounted for a settlement to 4 million pounds (5.2 million dollars), and was reprimanded.
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The report also pointed out the need to tackle the challenges posted by short-term cost of some major projects to reap the long-term benefits of better infrastructure.
The report cited official data to conclude that China shut down at least 8,519 small-scale coal-fired boilers last year, while Sichuan, Heilongjiang and Shanxi provinces－as well as the Inner Mongolia autonomous region－contributed to about 70 percent of the national total.
The regulators have reinforced their commitment to opening up the Chinese capital market to foreign investors by launching a number of programs associated with overseas markets over the past few years.
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The report shows that 77.6 percent of minor netizens have their own internet access devices, and 69.7 percent have mobile phones. Data shows 52.2 percent connected to the internet less than one hour a day, and 24.2 percent between 1 and 2 hours.
The report says that it would be misleading to "overplay the role of social media in Donald Trump's victory", as "a far bigger portion of Americans still get their news from television and online".
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The report concludes that the solution lies in ensuring children and parents learn about the vital importance of healthy eating and physical activity from a young age.
The report also cited a story published by Bloomberg on Saturday as saying that US President Donald Trump tossed out the idea of adding a duty as high as 100 percent on French wine in retaliation for France's plan to add a 3-percent tax on the revenues of American tech companies like Facebook and Amazon.
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