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Investment in the manufacturing sector increased 15.7 percent in 2019, and newly-introduced tax and fee cuts within the year amounted to over 60 billion yuan.

Investors monitor stock prices at a brokerage in Nanjing, Jiangsu province. [Photo provided to China Daily]

Investigators believe the MAX's automated anti-stall MCAS device erroneously pointed the nose of the planes down to avoid a midair stall that could precede a fatal plunge leading to crashes in Indonesia and Ethiopia.

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Investment bank JPMorgan research also indicated a sharp deterioration in China's smartphone demand in the fourth quarter of 2018, and said it expects 2019 to be another tough year for companies.

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Investors have been very bullish on Amazon recently, with some analysts projecting that its stock could exceed ,000 a share soon. Amazon strung together multiple?strong quarters?this year, before missing Wall Street expectations in the third quarter. It remains unclear what effect, if any, a Trump presidency will have on Amazon’s stock in the long term.

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Insurance revenue, though, only accounts for 4.4 percent of the nation's GDP, lower than the global average of 6.1 percent, and lagging behind 11 percent in the United Kingdom, 9.4 percent in France, 8.6 percent in Japan and 7 percent in the United States, the report said.

Internet-related social service sectors developed rapidly last year, according to the Annual Report on Economic Development of Shanghai 2018.

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Investment will be made in enterprises in the fields of new material, new-generation information technology and electronic equipment, according to the statement.

Investors will keep an eye on the company’s growing advertising arm as well, with Amazon taking on juggernauts including Facebook and Google in the online ad market.