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Amid the COVID-19 impact, China's gross domestic product (GDP) in the first quarter shrank 6.8 percent year-on-year, according to data released last week by China's National Bureau of Statistics.

Among such measures, the push to services has caught economic pundits' attention. For, within services, segments like extracurricular education are seeing enormous demand and recording runaway growth.

Amazon’s rising shipping costs and related initiatives to manage delivery logistics also demonstrate the larger shift toward online shopping. For the first time this year,?shoppers surveyed by Deloitte?say they are planning to spend a majority of their holiday budgets online — 51 percent — compared with 42 percent in store, and 7 percent through catalogs and direct mail. Adobe reported?that a record .59 billion was spent online in the U.S. on Cyber Monday, an increase of 16.8 percent year-over-year — the largest online shopping day in history.

Amazon’s urban presence kickstarted development in the South Lake Union neighborhood, and now the same thing is happening around its new campus in the Denny Triangle, a neighborhood just to the south. Right now, Amazon occupies 8.5 million?square feet in Seattle, and by 2022, that number could be 12 million.

Amazon’s Seattle bookstore. (GeekWire Photo).