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Argentina has registered 1,541,285 cases and 41,813 deaths from COVID-19 as of Saturday night and the Social, Preventive, and Obligatory Distancing measures ordered by the Argentine government to control the pandemic will last until Jan 31.

Arch Venture Partners

As California-based Tesla Motors Inc will start partial production in Shanghai in the second half of next year, and Boeing delivered first airplane from its Zhoushan facility in China earlier this month, business leaders believe that stable China-US relations will help more companies from the United States maintain robust growth in China.

As China is among the quickest to flatten the virus curve and is expected to see early signs of economic recovery, Alibaba pledged to help export enterprises explore the domestic market, recruiting them as suppliers for Tmall Supermarket and Taobao Xinxuan (a private-label goods market). It will also set up a dedicated "export zone" on 1688.com, a platform traditionally facilitating the domestic wholesale business.

As Leung explained, equipment manufacturing as well as research and development are included in the Made in China 2025 strategy. These companies usually invest heavily in their early days in machines, plants and all other related facilities. It will take a long time before they finally register sales and profits. With the new policy, the VAT can be retained, which means that companies can enjoy a tax rebate when they eventually report sales results. It can largely secure their cash flow and relieve this tax burden.