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Amid mounting concerns about hefty pricing and valuations that prove hard to sustain, the new economy frenzy has fizzled out. Among the 19 Chinese mainland companies that raised a combined total of HK.1 billion in Hong Kong this year, nine firms traded below their offering prices on the first day of trading. As of Thursday, only five companies managed to stay above their offering prices.

Among them, a total of 153 listed firms saw their net profit growth more than double last year, said the paper.

America's trade deficit is - first and foremost - caused by excessive consumer spending, low savings and a huge fiscal deficit, not trade with China. After removing the usual 20 percent error from the US published figures for trade in goods and taking into account America's enormous service trade surplus, the true deficit with China amounted to 0 billion in 2018 - a fraction of some of the wild exaggerations sometimes claimed.

Amazon’s Spheres glow purple in Seattle this past March as the company joined others in marking 100 days until the Special Olympics USA Games begin in the city. (Amazon Photo / Jordan Stead)

Among the ideas presented was a “shared use street” that could accomodate pedestrians and bicyclists, and possibly even food trucks.