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And the new Foreign Investment Law that went into effect Jan 1 has further broadened market access for foreign investment. In addition, China also has lowered tariffs for some imported goods, which will open up new prospects for its economic and trade cooperation with the US.

Angel Djambazov is the editor of ReveNews and the owner of Custom Tailored Marketing.

Analysts expect Amazon to post earnings per share of .62 on revenue of .8 billion, which would be up 21 percent year-over-year. Amazon stock reached record highs in July but has dipped in the past three months. Shares are still up 15 percent this year, trading at around ,781 on Thursday.

Analysts said foreign smartphone brands are attracted to China by its huge market potential. However, they may encounter steep challenges as China's smartphone industry is witnessing a slowdown and the competition among major smartphone makers is very intense.

Andrew Williams, head of the food and drink sector at commercial banking company Santander UK, said such efforts are crucial in an industry that is exposed to the effects of the UK's pending exit from the European Union.