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Analysts say that while there is little doubt that NEVs will eventually prevail, how long the switch takes remains to be seen and depends a lot on infrastructure and technology improvements as well as how fast automakers can adapt.

And the company is losing customers too. Blue Apron’s decision to cut marketing spending by .1 million in the quarter played a role in the 9 percent reduction of its customer base this quarter to 943,000 down from about 1 million customers last quarter.

Analysts surveyed by Thomson Reuters had expected the company to show a loss of 12 cents per share on revenues of .9 billion. At this time last year, Amazon showed .6 billion in revenue.

Analysts believed the move, which will take effect on Oct 15, is meant to further fuel the country's real economy and fend off potential risks brought about by global trade uncertainties and downward pressure. The RRR cut will inject 1.2 trillion yuan (4.7 billion) of commercial bank deposits from the central bank to the banking system, according to a statement on the People's Bank of China website.

And the Fed's policy-setting Federal Open Market Committee at the conclusion of its two-day meeting on Wednesday pledged to hold rates at zero "until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals".