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ByteDance, the founder of Tik-Tok will place Tik-Tok's global business in a new US-based company and remain as the majority shareholder with Oracle investing in it as a minority stakeholder, according to UK's Financial Times on Wednesday, sourcing people briefed on a plan presented to US officials to avoid a ban of the video-sharing app by the US government.

By the end of November this year, the country's total social financing was up by 12.5 percent from a year earlier, compared with 12.8 percent rise at the end of last year. Yuan-denominated outstanding loans rose 13.3 percent by November, slightly slower than the 13.5 percent at the end of 2016, according to data from the PBOC.

By quickly filling the least desirable jobs, immigrants "grease the wheels of the economy", allowing production to resume much faster, which opens up more desirable jobs for US citizens, Bier said.

By last year, the port's profit had increased 200 percent compared with four years earlier. Cargo traffic had also increased as it processed more containers and bulk cargo. The annual growth of local workers' salaries has been about 8 percent over the four years.

CEO and co-founder Otis?Chandler noted that Goodreads, which launched back in 2007 and still operates independently in San Francisco, now serves as a hub for more than 25 million reviews and 620 million books.