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And that promotion seems to be working. According to Switzerland Tourism, the national tourism agency, Chinese tourists spent 212,482 nights at mountain destinations in the 2016/17 season, compared with 32,236 a decade earlier.

Analysis:?Amazon continues to invest heavily in delivery infrastructure and is facing antitrust scrutiny. But the second-most valuable company in the U.S. — behind only Microsoft — does not appear to be slowing down anytime soon.

Analysts said the meeting signaled an important policy direction by showing that the government is shunning stimulation through boosting the property market, which is the right way to deal with economic weakening.

An old photo of James S.C. Chao, chairman of Foremost Group, and his family members. Pictured second from right is Elaine Chao, the current US Secretary of Transportation. photos provided to china daily

Analysts said that China did not manipulate its currency. A report, released by the International Monetary Fund on Friday after its annual Article IV consultation with China, which said the yuan's level is in line with the country's economic fundamentals, was also seen as supporting China's objection to being labeled a "currency manipulator".