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As a country that has benefited hugely from opening up, international trade and investments in the past 40 years, China is now a major champion of globalization. The value of China's foreign trade in 2017 rose 14.2 percent year-on-year to .34 trillion and will only continue to grow.

As Zhou explained, private companies usually meet three major challenges: misjudging opportunity in the market, insufficient supply of talent and loose bonding between employees.

As first reported by Reuters, the deal will allow Amazon to better help sellers import goods into the U.S., a complicated process that was previously left up to merchants to figure out. INLT makes cloud-based software to manage costs and logistics for cross-border shipments.

As for risks of the whole rural commercial banking sector, official data showed the NPL ratio moderately rose by 0.1 percentage point to 3.26 percent in the first quarter. The increase was mainly due to the NPL ratio surges at a handful of banks, while credit risk of the whole sector has leveled out and is under control, Zeng said.

As a pioneer in China's LNG sector, CNOOC built the country's first LNG terminal in 2006. It now operates nine LNG terminals nationwide. Only one, the Tianjin LNG terminal, is located in the north, but it is already operating at full capacity. The rest are scattered in southern regions, including Zhejiang, Fujian, Guangdong and Hainan provinces, and Shanghai.