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As regular readers of this letter will know, our energy at Amazon comes from the desire to impress customers rather than the zeal to best competitors. We don’t take a view on which of these approaches is more likely to maximize business success. There are pros and cons to both and many examples of highly successful competitor-focused companies. We do work to pay attention to competitors and be inspired by them, but it is a fact that the customer-centric way is at this point a defining element of our culture.

As the new year starts, companies, especially those in the chemical and energy sector, are facing a new type of green tax: firms that cause pollution will be taxed under a uniform set of national rules instead of the previous fees collected at the local level.

As the anniversary of the reform initiative is marked, China, which became a member of the World Trade Organization in 2001, is continuing to open up its economy.

As the COVID-19 pandemic has already cast a shadow over global trade, aviation, services and tourism, businesspeople are still unwilling or unable to travel overseas. China's exporters will have better access to the global market by showcasing their products online this time, said Sang Baichuan, an economics professor at the University of International Business and Economics in Beijing.

As the case hit Chinese media headlines, Guo's identity also was heatedly discussed, especially when it was discovered his sentence had been reduced nine times over the past few years.