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By default, if it’s not differentiated or not durable, then somebody else is going to do the same thing. Look at Zulily. They took a differentiated approach to curating product and featuring that product and took the line of, ‘We’re going to feature local brands nobody has ever heard of,’ as a marketing kind of thing. They are extremely good at both curating all that selection and then very cost-effectively?acquiring email addresses that turn into people visiting the website that turns into customers. That’s differentiated — curating and scouring this stuff — and they’ve been able to demonstrate the durability.”

By outlining the development goals to be achieved by 2025 and offering visions into 2035, the new plan sends a fresh signal of China's determination to open its door wider.

By unveiling proposals for a stable and consistent development plan with a pledge of further opening-up, China has injected a sense of certainty into a turbulent world and rekindled global hope for a long-term stable growth.

By the end of May, 287 overseas institutions had received quotas amounting to a total of .46 billion under the QFII program, while the quotas in the RQFII program were 615.85 billion yuan (.2 billion) for 196 institutional investors from abroad, according to data from SAFE.

By making the SCO more influential, the organization has the duty to maintain peace and stability in our region and beyond, he said, adding that China will work with other members to help the SCO meet international expectations and "take a clearer stand" on major international and regional issues, and play a more active role in regional cooperation and global economic governance.