The move boosts Amazon's presence around New York City and the nation's capital while also giving it more of a foothold in the center of the country as it seeks to gain a recruiting edge over Silicon Valley tech companies.
The move by the United States signals that the current bilateral economic and trade relations are "at a crossroads", said Wei Jianguo, vice-president of Beijing-based China Center for International Economic Exchanges.
The money has helped ensure 110 million people now have access to safe drinking water and more than 70 percent of the country's rural population are connected to a water supply network, he said.
The more merchants are accelerating digital transformation to improve the consumption experience during the "Double 11" event, the greater the momentum for the consumer market to continue its improvement.
The move aims to meet the evolving preferences of Chinese consumers who shun preservatives in their quest for a healthier lifestyle. According to Hou, Hema's typical consumers are middle-to-upper income earners who are willing to experience new things and shop on a daily basis rather than weekly.
The nation has also made great technological achievements in high-end equipment innovation projects, according to Miao. For instance, C919, China's first home-developed large passenger plane, made its maiden flight in Shanghai last May; the Chinese-made AG600, the world's largest amphibious aircraft, carried out its maiden flight last December; Blue Whale 1, the ultra-deep-water semisubmersible drilling rig, conducted successful tests in the South China Sea last May; and the CR400, with a maximum operating speed of 350 kilometers per hour, became the world's fastest wheeled train in commercial use.
广州苹果11附近维修点
The move will improve the yuan yield curve in the region and help in yuan internationalization, said a statement on the PBOC website.
The nation's foreign exchange reserves, which were used as a currency defense when the yuan suffered strong depreciation pressure two years ago, has dropped .6 billion from January to April, after 12 months of growth since February 2017, according to data from the central bank.
The move will bring the airline's network to a total of 15 destinations and make Cathay Pacific the first Chinese airline to fly to Dublin and Copenhagen.
The move is among a number of measures to accelerate cultural and business activities during night time in China. Many cities, especially metropolises such as Beijing, Shanghai and Guangzhou, have rolled out plans to support nighttime consumption, aiming for new economic momentum in the service sector between 6 pm and 6 am.