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Burberry launched its store on Alibaba's major online marketplace Tmall three years ago. According to the group's fiscal report for the first quarter ending June 30, income from e-commerce has increased by 40 percent year-on-year, and that result in China has more than doubled.

British automakers said that proposed cuts to Chinese import tariffs could provide a welcoming boost to the country’s car industry as it contends with declining exports to the European Union.

Brian Schwieger, co-head of equities, ETFs, and fixed income at the LSE, said: “Welcoming CMSUK as a member firm is another step in our journey towards greater collaboration and partnership with China. It underscores the unique and increasing appeal that London holds as the venue of choice for Chinese investment, trading, and capital raising.”

Businesses that could reopen in that second phase include business offices, real estate brokers, car dealers, hair salons, barber shops, retail/rental repair and cleaning, outdoor dining and commercial building management.

Burgess only has a couple more weeks in office before Mayor-elect Jenny Durkan takes over Nov. 28. During a debate, Durkan was asked what advice she would give HQ2 hopefuls.