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And I think the other fact is that people are really built into the?equation is that the return rate on the soft goods is incredibly high.?I think its 38% of eCommerce purchases of soft goods that are bought?online or returned in the bricks and mortar store.

An unnamed person in charge of the company said in the statement that the establishment of China State Railway Group will help optimize railway resources and turn a bigger profit, and it will enhance risk-prevention and the market competitiveness of railway enterprises.

Anhui Yucheng and Yucheng Global raised a huge amount of funds by faking high-yield investment products on two online P2P platforms, Ezubao and Sesame Financial, without a banking license, the court said.

And now is "not the time" to let a concern about fiscal deficits "get in the way of us winning this battle", Powell added.

Analysts said the merger will enable the State-owned giant to win more orders and gain more business in overseas cultural markets, adding that merging a relatively bigger SOE with diversified and international business interests with those with smaller assets and overlapping business might be the future direction of SOE restructuring and reform.