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Charlie Dai, principal analyst at market research company Forrester, said: "The US government's bans leave Huawei no choice but to accelerate research and development to build an open tech ecosystem of its own, from hardware to software for smartphones. It's a tough journey but Huawei must go through it to survive and thrive."

Central bank: Economy's needs met during deleveraging

Car ownership is steadily rising in Asia's third-largest economy, where four million new cars were sold in 2016. PriceWaterhouseCoopers expects annual sales to grow to nearly seven million by 2022.

ChannelAdvisor also reported a strong uptick in spending, with its clients seeing?Thanksgiving sales up?20.1 percent. Amazon was a particularly noteworthy marketplace, with?same-store sales increasing 25.9 percent. On the other hand, eBay saw same-store sales fall 3 percent.

Central banks of other countries and sovereign fund managers are now reserving more RMB-denominated assets, but the proportion is still small.