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Analysts said the stronger performance of the service sector adds to the evidence that the Chinese economy is stabilizing and that the sector, which already accounts for more than half of China's GDP, will continue as a key growth driver in 2020.
Andy Wen, CEO of Kuka Robotics China, the local arm, said such a projection is based on the fact that between 35 percent and 38 percent of Kuka's global robot sales revenue was generated in China in 2016, and the company's goal is to raise the figure to 50 to 55 percent by 2020.
Analysts expect Amazon to post earnings per share of .62 on revenue of .8 billion, which would be up 21 percent year-over-year. Amazon stock reached record highs in July but has dipped in the past three months. Shares are still up 15 percent this year, trading at around ,781 on Thursday.
Analysts say the reason for the decline reflects a tightening of restrictions by the central government on outbound investment to prevent big conglomerates overextending themselves.
And WeWork is hardly done with its expansion. The company said that it would soon open another space in Xintiandi in downtown Shanghai, with more to follow.
来源：资阳报