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"From January to September, new home sales volume declined 6.7 percent year-onyear in major first- and second-tier cities, and more than 60 percent of transactions in cities saw price drops last month," said Zhang.

"Ford is not behind on the technology," Sherif Marakby, the head of the company's electric vehicle program, said in an interview. "What's important is that this team makes sure to create a viable and profitable business. Our absolute goal is profitability."

"From lower prices on the imported goods you buy online or at stores to the thousands of well-paying jobs supported by exports, China is an integral trade partner," Allen said. 

"Having reviewed the trading performance of our business in China and the substantial investment required to continue operations in the market, we have made the difficult decision to exit our stores in China," said New Look Executive Chairman Alistair McGeorge.

"Going forward, blockchain technology will play a significant role in China's energy trading, power supply-demand tracking and management, and green development as the technology can be used to track and record carbon emissions," Cao said.