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"Dumping US treasury holdings is not China's strategy to win," said Guan Tao, member of the China Finance 40 Forum.
"Fearless Girl" is seen on the street in front of the New York Stock Exchange in New York, the United States, on Dec 10, 2018. [Photo/Xinhua]
"Entrepreneurs who provide services tied to e-commerce also did well: Lai Meisong, CEO of Alibaba-backed express delivery firm ZTO, saw his fortune climb to .6 billion from .35 billion," Russell Flannery, the compiler of the China Rich List, said in his analysis. "Chinese consumers spent more on everything and spent more of it online."
"Despite China's stagnant road fuels demand in recent years, its large population base and increasing wealth make it an attractive option for the retail business of international oil companies," said Tang Sisi, an analyst at research firm BloombergNEF.
"During these challenging times, we continued to execute the strategy of building strong local businesses powered in China by Walmart and announced additional investments in China and India focused on positioning the portfolio for growth," CFO Brett Biggs said on the call.
来源：资阳报