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Andrew Tilton, chief Asia economist at Goldman Sachs, said it is encouraging that China managed to maintain a good growth rate last year and that policymakers have moved to rein in the country's rapid debt buildup.

And local electronics makers are experimenting with new sales campaigns such as partnering with food delivery companies and livestreaming platform operators in hopes of hitching a ride on the consumption revival bandwagon.

And then in addition to that we'll have the opportunity to showcase apparel. Apparel for us is already a fairly big business.

Analysts said China is even more important to Daimler as it is transitioning under the new boss toward its strategies including electrification and vehicle sharing.

Anbang Insurance Group, which bought the famed Waldorf Astoria New York hotel in 2014 for .95 billion, has closed the landmark building for renovations that will turn it into a condominium/hotel.