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Direct-to-Consumer and international revenues for the quarter decreased 1 percent to 8 million and segment operating loss increased from million to 6 million.

Digital marketplace grows

Developing the investment banking business continues to be one of Goldman's top priorities and long-term strategies in China, especially for IPO activities, as well as mergers and acquisitions, said the senior executive, who joined Goldman Sachs as a partner in 1999 and was co-head of the investment banking division from 2006 to 2016.

Diplomats noted that the local-level cooperation is taking off at a time when the two sides are gearing up efforts in promoting trade, mutual investment, connectivity, infrastructure, major projects and business start-ups.

Ding Xin, a student from the Central Academy of Fine Arts, said people also tended to be stereotypical in their praise of others, using a fixed set of sentence patterns and inflated styles.