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Brown said he is confident about closer cooperation between Chinese and US armies in the future.
But Bezos did receive kudos today for taking an important step into philanthropy. Previous to the creation of the Day One Fund, Bezos and his family had donated only 5 million to charities, including the Fred Hutchinson Cancer Research Center, a nonprofit providing scholarships for the children of parents who immigrated the U.S. illegally, and most recently to a bipartisan organization that gives campaign support to veterans running for political office.
Businesses that make more than million in revenue within Seattle city limits would qualify for the tax. Those companies would have to pay 26 cents per employee, per hour worked, hence the name preferred by the City Council, “employee-hours tax.” It’s more colloquially known as a “head tax,” because it would be levied per head (or employee). That comes out to about 0 per year for full-time employees. Seattle would determine which companies qualify using the amount they pay for the city’s B&O tax, which is also based on revenue.
Businesses enabled by social media, such as WeChat, Sina Weibo and livestreaming platforms - known as social commerce - have prospered in recent years in China, with an estimated market value of 360 billion yuan (.7 billion) last year, according to the Internet Society of China.
Brett Hartley, the assistant to the CEO of the online real estate platform Beike Zhaofang, told CGTN that prices might rebound slightly in the short term, but in the long run, rental prices in first-tier cities are expected to remain subdued.