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"Consumers in Europe and the United States are still used to shopping in brick-and-mortar stores, where they get most of the brand recognition. We have to respect the status quo of the mature overseas markets. We have to adjust to the local market rules by adapting our products, pricing, and distribution strategies," he said.

"China's international balance of payments largely remained stable in November," said Wang Chunying, spokesperson of the State Administration of Foreign Exchange.

"Companies should be taking advantage of today's market conditions to reassess their portfolio vulnerabilities and divest assets that are not part of their future growth strategy," said Alex Zhu, EY's China North Transaction Advisory Services Leader.

"Considering the current market conditions and the amount of funds raised by Huya and Inke when they launched IPOs, it is still difficult to predict whether Douyu can raise 0 million," a private equity executive focusing on social networking investment said, according to the report.

"Corruption and fraud still exist in the poverty alleviation sector," Hu said, adding that 187 officials in 39 counties made use of their work positions to improperly aid family relatives and friends or even embezzle the funds.