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"Earnings momentum has cooled this year along with the economy, and we expect the trend to extend into 2019," said Gao Ting, head of China strategy at UBS Securities.

"Designation was blatant/errant political act," Sobel tweeted Monday.In a recent statement, the People's Bank of China, the central bank, said China will continue to let the market play a decisive role in exchange-rate formation and keep the renminbi's exchange rate generally stable at a reasonable and balanced level.

"Electric bikes are illegal to operate on city streets and those at the top of the food chain need to be held accountable," city spokesman Austin Finan said. "Instead of merely targeting riders, we're going after businesses that look the other way and leave their workers to shoulder the fine."

"Electricity consumption can be a costly affair, in both monetary and environmental terms. In Hong Kong, 66 percent of the greenhouse gas emissions are created by electricity usage. A lot of buildings in the city, particularly commercial buildings, make up 90 percent of that consumption. This translates to billion or 2 percent of the city's GDP," Tang said.

"Eyeing the long run, more foreign firms will continue to invest and develop in China," the article said.