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Among the 16.8 trillion yuan local government debt, 10.56 trillion yuan borrowed from the local government financing vehicles－including asset and wealth management products and bank loans with short-term maturity and high interest rates－has been replaced by long-term government bonds, aiming to tame default risks.

Amazon’s growth has propelled the retail giant to become the country’s second-largest employer behind Walmart. But in terms of total employment, Amazon remains well behind Walmart, its chief competitor on a number of fronts. Walmart employs 2.3 million people worldwide.

Among them, nearly half show strong optimism on Chinese economy, compared with just 28 percent in 2017, the biggest growth in 14 years.

Among all industries in the sector, the electronic components industry posted the highest output in the first quarter, led by strong growth in integrated circuit.

Among the four first-tier cities in China — Beijing, Shanghai, Guangzhou and Shenzhen — the outbreak had a minimum impact on the gross domestic product of Shenzhen.