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Among the four competitiveness factors in the yearbook, China ranked second in "economic performance." China also topped the three sub-indices of "domestic economy", "employment" and "labor market."

Amazon’s annual proxy statement includes something you don’t see every day: details on how much money the e-commerce giant spends with one of the nation’s top newspapers. Because Amazon CEO Jeff Bezos independently owns The Washington Post, the company is compelled to disclose when the two organizations do business together.

Amazon’s issues are the latest indication of the industry-wide struggle among tech giants to control their massive platforms. Facebook and Twitter are at the center of yet another political disinformation campaign. Google’s YouTube is working to reverse a trend of hate speech and extremism populating its platform. And Microsoft’s LinkedIn is in a constant battle to catch and eliminate fake accounts.

Among the exports, textile products including face masks, pharmaceuticals, medical devices, and materials for epidemic prevention increased by 2.4 times, 53.9 percent, and 94.7 percent respectively.

Amazon’s capital expenditures grew 17 percent during the quarter and the company plans to spend more this year on buildings and equipment to support AWS, said Brian Olsavsky, chief financial officer, on a conference call after the release of the results. Yesterday Microsoft announced that capital expenditures dipped slightly a week after Intel warned that cloud providers were “absorbing capacity” as opposed to adding new computing equipment.