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Critics claim China's economic slowdown is primarily due to President Xi Jinping's anti-corruption campaign, which has been carried out nationwide over the past five years, and that the country needs a drastic reduction in free private sector regulation to restore the sky-high annual growth rates it enjoyed for so many years.

Currently, Apple derives most of the profits in the world smartphone market because of its brand value and high average selling prices, which stood at 4 in the quarter ended in June, according to analysts from IDC and Counterpoint.

DEF CON has become the symbol of the geek spirit, especially with China's 5,000-years of history where sages pursued the ultimate perfection of human wisdom influencing the modern geek spirit. While advocating the spirit of geeks, Baidu Security has also enabled global geeks to become more aware of China and expand the cognitive boundaries of the geek spirit.

Curtius said both sides consider the camp an excellent example of cooperation in talent promotion and education.

Cross-border e-commerce is the most dynamic business model and an important stabilizer in international trade, said Yang Li, head of the logistics and port affairs office of the Changsha government.