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Analysts said under such circumstances China, which has been BMW's largest market for years, will appear even more important for the carmaker.

And, in response to Weyand's "snail's pace" jibe, he told the Financial Times: "And talking about the speed of the negotiations, I think it's better to be a down-to-earth turtle than a cunning rabbit."

Analysts believe the aim of PetroChina is to have a foothold in emerging markets and grow market share locally.

An unnamed person in charge of the company said in the statement that the establishment of China State Railway Group will help optimize railway resources and turn a bigger profit, and it will enhance risk-prevention and the market competitiveness of railway enterprises.

And in January, the WSJ reported that Amazon had plans to offer brick-and-mortar retailers a checkout system that uses its Kindle tablets. To accelerate that program, it had acquired technology and hired some engineers from GoPago, a San Francisco startup that had begun developing check-out systems using smartphone apps.