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Analysts said the acceleration in profits in July was mainly due to government measures to boost resumption of work and production across the whole industrial chain at a faster pace, as well as a rebound in production and sales. They expected the rising demand will continue to boost industrial profit growth in the next few months.

And Amazon is doubling down on its film operation, with plans to release Woody’s Allen’s next film, “Wonder Wheel,” without relying on a distribution partner like it has in the past.

And Chinese fintech giant Ant Financial Services Group, Alibaba's payment affiliate and owner of Alipay, has acquired a stake in Paytm, India's largest mobile wallet operator by user number.

Analysts believe the solid economy provided the foundations for improving corporate profits. China's GDP expanded 6.9 percent year on year in 2017, picking up pace for the first time in seven years.

And, he's not far off the mark. It was indeed Xu's curiosity for knowledge and success that prompted him to set off on his US expedition more than a decade ago.