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That illustrates what Bezos has called the “Amazon doctrine.” He reiterated that doctrine on the white board during the briefing this week: “Make money when people use our devices not when they buy our devices,” he scribbled.

Telecom companies are facing mounting pressure as the benefits of 4G networks are nearing an end and they have to invest heavily in the R&D of 5G, the next generation mobile communication networks.

Thanks to the complementary industrial structures between China and the EU, and booming China-Europe freight train services, China replaced the United States as the EU's largest trade partner in the third quarter, reflecting the resilience and potential of bilateral economic and trade ties, the Foreign Ministry said earlier this month.

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That accounts for over 90 percent of the domestic output in the category, and 60 to 70 percent of the world's total, according to the Yiwu Christmas Products Industry Association.

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That experience, and the quickly increasing growth in internet-related disputes nationwide, led the central leadership to decide in July to set up two more internet courts, in Beijing and Guangzhou, Guangdong province. The Guangzhou court will open by the end of this month.

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Tencent Holdings Ltd showcases its image recognition technology during an internet expo in Wuzhen, Zhejiang province.[Photo by Tian Jianming/For China Daily]

Thanks to rigorous regulation, the quality of the country's banking assets is generally stable and banks' ability to resist risks is strengthening.

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Thales is also actively participating in the development of China's civil aircraft industry, and hopes to bring high-end technologies and solutions for Commercial Aircraft Corp of China's CR929 aircraft project, he said.

Tell us, how much would you be willing to pay for the phone?