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"For carmakers, sales matter, but IPOs do not help sales," said Yale Zhang, managing director of Shanghai-based consultancy firm Automotive Foresight.

"Growing number of platforms shows that commodities market's demands are not yet fully met, and competition has just started. In the future, platforms will be more consolidated," the report said.

"For Guangzhou it is very challenging, trying to protect the city's heritage while at the same time looking to the future," said Octavio de la Varga, Secretary General of the World Association of the Major Metropolises (Metropolis). His first visit to the city was in December, 2016, where he took part in the third Guangzhou International Award for Urban Innovation and toured the city's many arcades, the Guangzhou Theatre and Guangzhou Museum.

"For many years China was not aware of the illegal trade in totoaba bladders," said WildAid CEO Peter Knights. "But when alerted, they stopped open trade and now they are taking down smuggling rings. Let’s hope their decisive action can help the remaining vaquita porpoises that are literally on the brink of extinction."

"From a research perspective, the US has benefitted from globalization in the past 20 years," Wang said. "Thanks to its imports of consumer products at low prices, the US did not suffer from imported inflation for a long time. However, by threatening to impose higher tariffs on imports from multiple countries, the US could have the opportunity to renegotiate trade agreements with these countries and gain greater benefits."