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Anne Bishop

Ant, the financial arm of Alibaba Group Holding Ltd, stands to benefit from the e-commerce giant's presence to support the development of Lazada, its newly acquired e-commerce counterpart in Southeast Asia, said Vey-Sern Ling, an analyst from Bloomberg Intelligence.

Apart from boosting trade volume in medical equipment and agricultural products, as well as building partnership in vaccine research and development, Huo reiterated that it is also critical for China and the US－the two largest economies in the world, to move from confrontation to dialogue and take more steps to ensure the smooth operation of global supply chains.

Another indicator of market liquidity, outstanding bank lending of new yuan, reached 124.98 trillion yuan (.9 trillion) at the end of the first quarter, with a year-on-year growth rate of 12.8 percent, unchanged from February's rate, but slower than the 13.2 percent in January, the official data indicated.

Another factor dragging down the two brands are their slow pace in bringing their latest offerings to the world's largest market, where the customers are eager for the latest products.