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Amid the rising demand, steel output is also on the rise. Official data showed China's crude steel output went up 4.8 percent year-on-year to 76.7 million tons in April.

Amazon’s acquisition of live game-streaming company Twitch for nearly billion last year could also help the company move in this direction.

American Express Co on Friday won approval to clear card payments in China, making it the first US card network to gain direct access to what is set to be the biggest bank-card market by 2020.

Amazon’s standard Prime subscription rate is 9/year, which would translate into revenue of more than .8 billion, although the company offers discounted memberships for students and others. Amazon incurred .9 billion in shipping costs in the fourth quarter alone. The company doesn’t disclose the total amount it collects in Prime membership fees or separate shipping fees from customers, but historically its total costs have significantly exceeded what it collects.

Among the 11 coal companies that released their Q1 profit forecast, seven said they expected higher earnings, three forecasted that they could reverse previous losses, and one hoped to reduce loss.