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Analysts said that the recent rainy weather has driven hydroelectric generation to increase and some UHV equipment has been overhauled to resume power transmission, causing daily coal consumption of thermal power plants in coastal areas to fluctuate and decline, therefore the intention of coal procurement by electrical companies was lowered.

And, despite ongoing tensions, the total value of imports and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. So, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and February. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the quarter. And, private sector trade grew 9.9 percent, far more than the overall growth rate.

And Hong Kong-based FWD Group, owned by tycoon Richard Li, is also in the process of obtaining regulatory approval for a majority-owned China insurance joint venture, according to a separate person with knowledge of the matter.

Analysts said that there is likely to be a performance divergence among the banks starting from the first quarter as tightened regulation to curb financial risks and reduce leverage in the economy began to take effect.

And when we first wrote that, the reaction by so many in the tech sector, perhaps especially in Silicon Valley, but up here in Seattle, as well, was like, “What did they put in the water on the other side of Lake Washington? What’s wrong with you folks? Why are you saying this needs to be regulated? There’s no problem here.” And then within a year, the city of San Francisco passed an ordinance that bars the city of San Francisco from using facial recognition. You see concerns about it literally spreading around the world. So that’s happened very quickly.