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And as outbound travel is restricted by the coronavirus, consumers are less sensitive to price and more willing to pay during domestic trips, which are good for high-end tourism, he added.

And that last comment explains a lot. A Hill-HarrisX poll conducted earlier this year found that a majority of Americans aren’t interested in tougher regulations for big tech companies.

And Cranfield University and Harbin Engineering University will explore potential synergies in the installation and operation of different off shore energy facilities, with the aim of lowering overall costs.

Analysts said the stronger performance of the service sector adds to the evidence that the Chinese economy is stabilizing and that the sector, which already accounts for more than half of China's GDP, will continue as a key growth driver in 2020.

Analysts said that they suspected the utilities had responded to the latest call on reform by the authorities and halted share trading, because the coal and electricity giants were holding merger talks.