Manufacturing lost 12,000 jobs due in large part to a drop in vehicles and parts.
Managers are bene?ting a lot from the incubator. "When they work with us, we used to take equity but now we share the fees with them, both in management and performance. By sharing the fees, when they grow, we grow with them. When they reach a certain stage, they may spin off if they want," says Fan.
Malaysia chairs a virtual meeting of Asia-Pacific Economic Cooperation (APEC) economies on July 25, 2020. [Photo/CCTV]
Maier said electric cars will be another pillar of its development in China.
Major affiliates are LG Electronics Inc, display maker LG Display and electric car battery maker LG Chem.
Ma called the BRI a public good that follows international rules.
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Mafengwo said the gross merchandise volume generated on the company's platform hit 10 billion yuan (.59 billion) last year, up from 4 billion yuan in 2016.
Ma, founder of Alibaba Group, said in choosing the top winner, judges looked for a business that was simple, had impact and was profitable.
Ma Lianghua, a 36-year-old villager in Wuzhong city in Ningxia Hui autonomous region, started picking Chinese wolfberries at 7 am on Friday.
Major Chinese liquor makers saw their output reach 7.86 million kiloliters in 2019, down 0.8 percent year on year.