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Another solid year for Expedia, which saw its revenue grow 22 percent in the third quarter to .7 billion. It continues to face stiff competition from Booking.com, and another rival may be on the way after reports surfaced in November that Amazon.com is contemplating launching its own travel service.

Another reason for the shrinking market at the plaza was the growing online book retail market established by e-commerce giants such as Amazon and Dangdang.

Annual income of residents rose from 15,700 yuan in 2018 to 17,300 yuan last year, the local government said.

Another calculation could be that India hopes to rein in, or even lower, growing Chinese investments. A study showed that the amount of Chinese investment in India may far exceed official data. The growth of Chinese investment is beyond imagination with a relatively high proportion of investment from Chinese State-owned enterprises.

Ant Group, whose Alipay app provides a gateway to a torrent of financial products, on Friday removed the online deposit products of several banks. The move was quickly followed by JD Digits, the financial arm of e-commerce group JD, and wealth management firm Lufax backed by Ping An Insurance Group Co, which took down its interest-bearing time deposit products over the weekend.