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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 scale of the current Wuhan coronavirus outbreak is continually expanding, economists have found it difficult to predict the full impact on China's and the global economy. Some conservative estimates say the coronavirus outbreak may drive down China's economic growth by more than 0.5 percent.

As the People's Bank of China (PBOC), the central bank, did not lower the MLF rate after cutting the targeted reserve requirement ratio (RRR), the unchanged LPR was in line with expectations in a financial market that is waking up to more easing streaks overseas.

As the breadwinner of the family, Gao supported not only his relatives but also 19 poor children, seniors and laid-off workers under the station's jurisdiction. He had donated nearly 50,000 yuan (,350) personally and raised more than 500,000 yuan for 800 people in need since 2007.

As the day went on, however, tensions bubbled over into violence and five dead were reported.