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Still, Amazon seems poised to further challenge industry leader Netflix, which is now available in more than 190 countries after a big expansion this past January.

Strengthened supervision can also make SOEs more cautious in investing overseas and can help protect State-owned assets, Zhu added.

Such practices have shown there are hidden dangers to aviation safety, and have increased aviation risks from Hong Kong to mainland, the regulator said.

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Such incidents, though unlikely, could slow economic growth in the United States and have widespread spill-over effects.

Such cooperation will not only benefit people of the two countries but also those in the Asia-Pacific region and around the world, all of whom are interconnected in a globalized economy.

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Structural reforms to narrow the income gap will boost consumption in the long term, while measures to remove administrative restrictions on automobile purchases and boost the consumption of automobiles and appliances in rural areas, which are likely soon, will have a more immediate impact, Wang said.

Such economies of scale can effectively lower costs on the production side and rejuvenate the supply side by summoning active users on Tencent's WeChat, Xu said.

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Still, just as crucial are the products and getting the selection right, as well as the supply chain.

Still, the New York-based multinational banking and finance house applauded the decision to further "liberalize" the sector.