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Amid rising concerns about companies' stock-based collateral - by which shares are pledged as collateral for loans - some local authorities have taken steps to stabilize market sentiment, granting preferential policies to ease financing conditions and allowing financial institutions to renegotiate lending terms.

Amazon’s Jeff Bezos has a different plan. Let’s call it the Bezos Beep.

Among the 41 industries surveyed, 38 posted year-on-year profit growth during the first 10 months, with industries such as coal, steel, chemicals and petroleum recording strong performance.

Among them, home care and personal care categories grew faster, while food and beverages maintained a slower pace, according to the report. If measured by value growth, soybean milk surged the fastest at 49 percent, followed by mouthwash and oyster sauce, while chewing gum saw slowest growth.

Amid strong opposition, the Trump administration slapped tariffs on imported steel and aluminum globally last year citing national security concerns. In May, Trump removed the tariffs on Canada and Mexico, in hope that the US Congress would ratify the US-Mexico-Canada Agreement, a new trade agreement reached late last year.