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Cui Dongshu, secretary-general of the China Passenger Car Association, said: "Cooperation in fundamental research and development would be beneficial, but whether the benefits can be transformed into improved market performance will also depend on their respective corporate strategies."

Crowdfunding gained prominence after the 2008 financial crisis severely battered the credibility of traditional banks. It has been supported by the growth of internet technology.

Currently, every household has an average of 12 kinds of home appliances. For a country with 400 million families, the market is likely to hit 1 trillion yuan by 2020, said Zuo Yanque, an executive of China Market Monitor.

Cummings' office did not immediately respond to a request for comment on Trump's latest tweets. In a tweet on Saturday responding to Trump's initial barrage, Cummings said: "Mr President, I go home to my district daily. Each morning, I wake up, and I go and fight for my neighbors. It is my constitutional duty to conduct oversight of the Executive Branch. But, it is my moral duty to fight for my constituents."

Cyber Monday continues to be Amazon.com’s peak mobile shopping day. Black Friday had the most rapid growth in mobile shopping.