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An unnamed Chinese official with the Customs Tariff Commission of the State Council also said last week that "it is our hope that both sides will work together toward ultimately removing all additional tariffs."

And while it remains to be seen whether Amazon can ever truly figure out how it wants to sell groceries — besides ALL the ways — the tech giant is certainly building off its digital foundation. And it took a big step toward acquiring a whole lot of data to help in the groceries endeavor on Friday.

Analysts said liquidity conditions will likely remain tight in China as the authorities will continue with a prudent monetary policy to curb financial risks and asset bubbles, which means the fundraising cost for domestic companies will stay at a relatively high level. They added that the expectation of a stronger yuan will also encourage more companies to raise dollar-denominated bonds in overseas markets.

And among the world's four largest auto markets-China, the United States, Germany and Japan, only China achieved a negative-to-positive reversal. Recovery in the overseas car markets will still take some time, Wang said.

And unlike the US which it seems does not want to see any tangible outcome in the negotiations between China and the ASEAN countries on a Code of Conduct for the South China Sea, the EU welcomes the talks and hopes they will produce an effective conclusion.