The trend will mostly focus on small, mom-and-pop wholesalers. Per Bloomberg, Amazon will continue to make wholesale purchases from brands like Procter & Gamble, Sony and Lego to make sure it has adequate supplies of everyday items as it battles other big retailers like Walmart and target.
The trend also brings many business opportunities. For instance, Hong Kong-listed real estate company Sino-Ocean is strengthening its efforts in combining housing development with tourism and relaxing lifestyles at one of its projects in Beidaihe, a coastal area and scenic spot in North China's Hebei province, by enriching holiday experiences, such as introducing marathons, golf, film and music festivals, and other beachside entertainment activities.
The two companies were said to have agreed to overhaul and promised to close all live-streaming accounts hosted by minors within five days, step up content regulation, and suspend certain live-streaming site functions.
The two sessions will see around 3,000 legislators gather in Beijing to discuss major laws and regulations as well as discuss and approve several key documents, including the Government Work Report and the national budget, along with more than 2,000 political advisers from the CPPCC.
The transaction volume of the contracts totaled 1.34 trillion yuan (3 billion), with a year-on-year increase of 17.7 percent, the ministry said.
The training course involved 28 participants from seven developing countries: El Salvador, Ghana, Kenya, the Philippines, South Africa, South Sudan and Uganda.
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The trend has continued well into May. Volvo said its dealerships saw traffic rise 82 percent year-on-year during the five-day May Day holiday and received over 6,800 orders, more than double last year's levels.
The traveling objects are packed according to their shape and size; some figures can weigh up to 300 kilograms.
The two heads of state will exchange in-depth views on China-US relations and major global and regional issues of common concern, Lu said.
The trio, who were laid off from a foreign trade clothing corporation that went bankrupt earlier this year due to the COVID-19 pandemic, now choose to sell clothes through their own livestreaming platforms.