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The Hudson's Bay Company (HBC; French: Compagnie de la Baie d'Hudson) is a Canadian retail business group. A fur trading business for much of its existence, it became the largest and oldest corporation in Canada, before evolving into a major fashion retailer, operating retail stores across both the United States and Canada.
The telegraph ushered in a new global communications regime, accompanied by a restructuring of the national postal systems, and closely followed by the advent of telephone lines. With the value of international news at a premium, governments, businesses, and news agencies moved aggressively to reduce transmission times.
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [27] China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
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