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Among the 27 consumer finance companies holding a license, a growing number of new entrants are internet companies like Baidu, JD and Xiaomi, as they bank on the troves of data and algorithms for risk control.
Among the many moves that the online company has taken is customer appreciation strategy where it is offering redeemable cash rewards worth one million dollars and discounted deals including and not limited to up to 80 percent off across the three markets.
Americans for Prosperity President Tim Phillips added that there are better ways to negotiate trade deals than by "punishing American consumers and businesses with higher costs."
Amid the events, some reports, including the China Internet Development Report 2019 and the World Internet Development Report 2019, as well as world leading internet scientific and technological achievements, will be released during the conference, according to a statement from the administration.
Amid growing measures by Chinese authorities to fight the COVID-19 outbreak, headway is also being made in coping with the economic impact of the virus nationwide, with the country confident of revitalizing its economy as it faces challenges ahead, according to a major policy report.
来源：资阳报