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On a key issue at the heart of the inquiry, the company will tout the benefits of its online marketplace for third-party sellers. Bezos’ opening statement contrasts sharply with the image of the company that has emerged from reports, most notably an investigation by the Wall Street Journal, that the company has leveraged proprietary data to compete unfairly with those sellers.

On his presidential campaign trail, Trump had threatened to impose 45 percent tariffs on Chinese exports to the US and designate China a "currency manipulator".

On Tuesday, Trump issued a controversial warning to the DPRK, saying that threats from the country would be met with "fire and fury like the world has never seen."

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On the country's long-term prospects given calls for a shift in supply chain management, Xing said that China remained a large base for manufacturing, citing examples of Tesla and Apple, both of which are retaining, and for the former, even expanding their base.

On Tuesday, Intel said it has licenses to continue shipping certain products to Huawei. On the same day, Huawei unveiled a new server product by partnering with the US chip giant Intel. The launch event came shortly after Honor, one of the two signature brands of Huawei, unveiled its latest gaming notebook powered by Intel processors.

On the first day, the group visited the exhibition for the first China Shandong International Apple Festival, learned about the mantis boxing culture at the Yantai national intangible heritage base, and enjoyed a light show along the coastline in the evening.

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On the earnings front, JP Morgan Chase topped analysts' expectations for third-quarter earnings and revenue on Friday as better-than-expected retail banking results offset the weakness in bond trading.

On Tuesday, Harman also showcased its Premium Communications solution for the first time in China. It addresses the challenges of evolving vehicle interiors and helps original equipment manufacturers better capitalize on integration with voice assistants, while fulfilling consumer demand for elevated communication experiences, the company said.

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On the other hand, China's national income would increase by more than 0 billion a year, helped by a dramatic boost in FDI between the two countries.

On Wednesday, the MOF also announced tax incentives for venture capital firms, allowing them to deduct a certain amount of taxable income for investing in startups.