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Amazon’s growth has created “a lot of challenges, and I spend a lot of my time on the challenges,” said Seattle?City Councilmember Mike O’Brien. “But it’s important to remind myself that the absence of Amazon would provide a whole host of challenges that I’m not prepared to deal with. The net [effect] is a good thing.”

Among the 131 countries studied, China ranked 64th in terms of its integrated modernization level in 2017, according to the annual China Modernization Report 2020 published by the China Center for Modernization Research of the Chinese Academy of Sciences.

Among the 100 surveyed cities, average new home prices edged up 0.53 percent to 15,461 yuan (,189) per square meter in June from May, according to the China Index Academy, a property research institution.

Amid the ongoing trade dispute between China and the United States, and with China striking a balance between growth and stability, ensuring funds flow into companies in need of capital is a task to which the Chinese authorities are paying increasing attention, analysts said.

Among the global leaders, Chinese brand Imoo topped the kids smart watches segment with a 26-percent market share last year. Huawei wrested the second position with a 9-percent market share, while Xiaomi took the third spot with a 4-percent share. For all of them, consumers such as Bao are key to success.