On economic data, U.S. building permits in August were at a seasonally adjusted annual rate of 1,229,000, 5.7 percent below the revised July rate of 1,303,000, the Department of Commerce reported on Wednesday. Privately-owned housing starts in August registered 1,282,000, beating market forecasts.
On taxation alone, the group saved 190 million yuan from 2016 to 2017 since the province replaced the business tax with a value-added tax.
On Wednesday, China Mobile, the nation's largest wireless operator with almost 947 million mobile subscribers, said it will partner with China Broadcasting Network Corp to jointly construct a nationwide 5G network.
On a month-on-month basis, consumer prices remained unchanged from a month earlier in May, while producer prices edged up by 0.2 percent, the bureau said.
On Tuesday, the top court ordered courts nationwide to guide litigants to file lawsuits or mediate their disputes online.
On the company’s earnings call today, CFO?Brian Olsavsky said Amazon is “thrilled” with AWS?and noted that usage growth is outpacing revenue growth.?Amazon has cut the price of AWS 49 times since launching the service in 2006 while adding 350 “significant” new features this year.
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On Thursday, Trump tried to keep the pressure on Democrats, even as they gained significant new power with their takeover of the House of Representatives at the start of a new Congress.
On Tuesday evening, West Virginia became the 50th state to report an infection. Johns Hopkins University said the number of confirmed virus cases in the US stood at 6,159 as of Wednesday morning with 55 deaths. Globally, the total number of cases was 204,264, 82,107 listed as recovered and 8,244 deaths.
On the forced technology transfer in joint ventures in China, Roach argued that the US and other multinational corporations willingly enter into these legally negotiated arrangements for commercially sound reasons - not only to establish a toehold in China's rapidly growing domestic markets, but also as a means of improving operating efficiency with a lower-cost offshore Chinese platform.
On Tuesday, Washington Gov. Jay Inslee signed a bill into law that establishes new regulations for “personal delivery devices” like the delivery robot Amazon unveiled earlier this year.