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"E-commerce livestreaming has redefined the relationship between people and products and consumption," economist Wu Xiaobo wrote in his blog. "It puts people first, promoting the circulation efficiency of products and creating a consumption occasion. Consumers' trust in products is subtly replaced by their trust in people."

"Despite policy experience, wishful thinking persists that government policy can somehow shift significant populations from capital cities to regions...But it is a dangerous fantasy. It provides an excuse for governments to avoid making the hard decisions that would improve housing affordability and how our cities work," the institute said in its "orange book" of priorities for the next government.

"Donald Trump has put California in his sights because we have a governor and statewide officials, all of whom are Democrats," said Sherry Bebitch Jeffe, a political analyst and former University of Southern California professor. "We have a legislature under the control of Democrats, who are all of them about 180 degrees opposite in terms of the major issues that concern Californians — opposite from Donald Trump. We are perceived as the fulcrum of the 'resistance' movement."

"E-wallets are often backed by internet startups, telecom operators, governments and banks. In one country alone, there could be 10 to 20 e-wallet service providers, each of them having their own market," he added.

"Ele.me and Baidu Waimai will complement each other with their own advantages," said Zhang.