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Wingo noted that DJI's market share may exceed 80 percent in the US and said "the glaring gap between US and Chinese companies like DJI in the (unmanned aerial systems) platform market" is a "wake-up call".

With domestic action blockbuster Wolf Warrior II now China's top grossing film, its distributor－Beijing Jingxi Culture and Tourism Co Ltdis also achieving a strong performance in the A-share market, stimulating interest in local media companies.

Wickremesinghe said the information had not been shared with him or the ministers while president said he had not been informed either.

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Winds of more than 130 kilometers per hour ravaged Uttar Pradesh, Rajasthan and Punjab states and the death toll was expected to rise, officials said.

With a total investment of 7.3 billion yuan (.06 billion), the hub will start construction before the end of 2018, and it is expected to be operational in 2021.

With Hong Kong's special constitutional status and its favorable business environment for foreign capital under "one country, two systems", Zeman said he is not that worried about the US move.

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Whole Foods did not hold the customary conference call or update its financial forecasts, citing the pending Amazon deal. The company said in its earnings news release that it still expects the Amazon acquisition to close during the second half of the year.

Whole Foods has scheduled a meeting with its vendors next week to help relieve tensions as the grocer tries to expand under new Amazon ownership.

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With economic fundamentals and the external environment worsening, Chinese businesses are facing strong head winds. Particularly, the industries hit heavily by the pandemic, the vulnerable small and medium-sized enterprises, as well as the financing platforms and real estate developers facing cash flow pressure, may all become much more prone to default and even bankruptcy.

Willem Buiter, an economist with Citi Research, a division of Citigroup Global Markets Inc, calculated in a recent note of Global Economics View that a cut in the tax rate on corporate profits in the US "has no impact on the incentive to invest", which implies "a zero impact" on the capital intensity of production and real wages.