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As of the end of 2017, the outstanding volume of on-balance-sheet wealth management products for large commercial banks rose 19.1 percent year-on-year to 2.35 trillion yuan, according to the EY report that reviewed 41 listed banks in China.

As of July, Amazon Prime was?estimated to have 63 million members in the U.S., representing more than half of the company’s U.S. customer base for the first time. In addition to the core benefit of free shipping, Amazon Prime includes video and music streaming, unlimited photo storage, and other features.

As online Chinese consumers become more sophisticated, e-commerce companies, such as JD.com, are rolling out more specialized retail experiences when it comes to the luxury market.

As joint-venture automakers face excess production capacity, when a business does not produce as many products as it could, collaborating with Chinese electric car startups to produce new energy vehicles could be a solution, say insiders.

As of the 2018 edition, the annual event had been graced by more than 600 former heads of state or government, leaders of international organizations, scholars and business executives. They shared their wisdom at the event and walked away with something new, said Chau Chak Wing, founder of the forum, at a China Newsweek interview. Though a young initiative, the forum has enjoyed a growing global influence and reputation, and is shaping up as a new platform for China to communicate and interact with the world at the highest level.