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Amedeo Scarpa, director of the Italy Trade Agency in Beijing, promotes Italian wines in China. [Photo provided to China Daily]

Amazon’s rising shipping costs and related initiatives to manage delivery logistics also demonstrate the larger shift toward online shopping. For the first time this year,?shoppers surveyed by Deloitte?say they are planning to spend a majority of their holiday budgets online — 51 percent — compared with 42 percent in store, and 7 percent through catalogs and direct mail. Adobe reported?that a record .59 billion was spent online in the U.S. on Cyber Monday, an increase of 16.8 percent year-over-year — the largest online shopping day in history.

Amazon’s continued growth in Seattle gives a hint at what it will do in the city it chooses for HQ2. The billion project could bring up to 50,000 employees to the city that wins out. Amazon has said it could occupy roughly 8 million square feet of space for HQ2.

Amid the steep global price cuts, state-owned oil companies have to slash costs to keep afloat.

Ambassador Cui Tiankai made the remarks on Monday during his first visit to Kentucky, one of the solid "red' states politically, which has also felt the pinch of the brewing trade conflict between the US and its major trade partners.