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Cities for green pilot trials

Clarke Murphy, CEO of global executive search and assessment firm Russell Reynolds Associates, said the company sees enormous potential in the Chinese market. "We have been very dedicated to China for the past decades and will continue to be, particularly as the world is smaller and more interconnected."

Choosing to rent a vehicle, the customer has the ownership of the vehicle as long as he pays off the rental expense every month, which exempts the customer from worrying about vehicle depreciation, insurance and maintenance, according to Polestar. Based on Volvo's experience in producing vehicles, Polestar is optimistic about its product competitiveness.

Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a 0 million deal last year, the latest effort by the electric car-to-smartphone behemoth to raise funds amid a severe cash crunch.

Clothing and footwear (71 percent), as well as daily necessities (72 percent) are the main choices of online shoppers aged 50 and above.