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Bezos tweeted a video Sunday of himself driving around a rickshaw — Amazon will roll out 10,000 of the fully electric three-wheelers in India. It will also eliminate single-use plastic from its fulfillment network by June 2020. It’s part of the company’s Climate Pledge that sets carbon reduction goals and timelines for reaching them. The announcement comes just days after fellow Seattle-area tech giant Microsoft announced its own environmental initiative.

Besides, the company will develop related policies for suppliers providing beef, dairy cows, pork and laying hens, the statement added.

Besides cutting off outdated industrial capacity, the top authorities have also supported new industries, such as the mobile internet, cultural creative industry, the internet of things and high-end manufacturing for high-quality economic development.

Belinda Boa, the head of Active Investment for Asia-Pacific and CIO of Emerging Markets, Fundamental Active Equity at Black-Rock, said the company preferred equities in emerging markets, Europe and Asia including Japan.

Besides tax and fee cuts, reserve requirement ratio cuts and lower market interest rates are the policy choices for the Chinese central bank, he said.