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"Chinese parents realize that it will benefit their kids more if they start to learn English as early as possible," said Cao Wei, general manager of Firstleap Education, a subsidiary of TAL Education Group, a domestic education and technology firm.

"China's fashion industry is finding its path at its own pace," Liu said. In the past "Chinese style" was interpreted as patterns and elements from the archives of history, alongside oriental stereotypes, she said.

"Counting in the 30 million yuan in rent, we have to burn 2.5 million yuan every day," Wu Guoping, founder of Grandma's Home, was quoted as saying by Beijing News.

"Credit data suggest some major commercial banks are adjusting their interest rates as the financial sector is tightening measures, which may make home loan applications more difficult," said Yan Yuejin, research director at the E-House China R&D Institute.

"Currently, we have over 200,000 enabled merchants throughout the US right now that can accept Alipay. By partnering with these US merchants, Alipay also helps them to grow because they can tap a group they normally cannot reach."