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As a leader in Global Fortune 500, the company has run business in China for 22 years. The upgrading of consumption in the modern society is bringing Walmart more opportunities. "We are increasing investment in different fields in China and we are optimistic about the market," said Shih.

As for investment income sources in 2019, 31 percent of respondents' income mainly comes from funds or wealth management products, and 30.5 percent from investment in real estate. The vast majority of new middle-class families have made profits from investment and financial management, but their overall returns are small, and 40 percent have a 0-4 percent return on investment and financial management, the report said.

As an important stakeholder, China will participate in Arctic affairs in accordance with the basic principles of “respect, cooperation, win-win results and sustainability”, Vice-Foreign Minister Kong Xuanyou said on Friday.?

As for installing recording equipment in online ride-hailing vehicles, more than 36,000 of the participants chose to back up the idea, while over 24,000 feel that audio and visual recordings might be an invasion of privacy.

As a retailer which once mostly operated brick-and-mortar malls, Ikea China carried out its transformation strategy with the aim of boosting convenience and accessibility for consumers. It developed smaller-sized stores in downtown areas to accelerate its omni-channel retailing, Brenti said.