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Mobike, one of the world's largest smart bike-sharing companies, rode into its first US city, Washington, on Wednesday. The dockless bikes, which cost to rent for 30 minutes, are placed in downtown locations. Mobike officially launched its service in Shanghai in April 2016, and has since expanded to 180 cities globally. The company now operates more than 7 million smart bikes and supports some 25 million rides every day. [Photo provided to China Daily]

Mo pleaded guilty to taking bribes of 42.5 million yuan (.3 million), according to the Beijing No 1 Intermediate People's Court.

Microsoft, which came in first place three years ago, returned to the top spot in 2013. Apple, meanwhile, dropped all the way to 12th after finishing in first for the past two years.

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Mo Xiaohui feeds her cows in Baqiao, Guizhou province. CHINA DAILY

Monetary policy may be biased toward tightening this year, said Zhu Haibin, chief China economist with JPMorgan Chase & Co, and it may result in liquidity concerns, which will likely be more volatile going into the first quarter due to seasonal factors and regulatory changes.

Microsoft Corp is looking at setting up an arm of its Asian research house in Shanghai this year, fueling the city's ambition to seek digital upgrading and develop artificial intelligence talents, said the company's executive vice-president Harry Shum.

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Money issuance accelerated to a 13-month high in China in the first quarter and banks almost doubled new yuan loans from February to March, as the authorities cemented economic stabilization policies through credit expansion, according to the People's Bank of China on Friday.

Ministry to come up with policies to speed process 'as soon as possible'

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Microsoft, which was founded 20 years before Amazon, will likely remain light years ahead of the fellow tech giant in philanthropic efforts — at least for the foreseeable future. But Seattle-area nonprofits welcome the involvement from Amazon employees and the corporation, and join those who hope this is a sign of good things to come.

Models from the Tujia ethnic group wearing special costumes perform in Yanhe Tujia autonomous county, Southwest China's Guizhou province. The costumes are made of palm fiber, gourds, feathers and bamboo containers, with an aim to promote the farming culture of the local people. [Photo provided to chinadaily.com.cn]