The commission will leverage SOE restructuring as a means to help implement mixed-ownership reforms, as restructuring of SOEs has already proven to be very fruitful, according to Hu.
The company expected the slump in sales to be temporary, as China announced plans to cut import tariffs on new foreign vehicles from 25 percent to 15 percent starting in July.
The company also plans to double the number of shares owned by all shareholders using its capital reserves, which will involve no change in the total market value of shares as the share price will be halved.
The cloud computing market is expanding fast worldwide. Last month, American market research firm Gartner's latest worldwide public cloud services revenue forecast showed the cloud computing market would reach 1 billion by 2020, driven by robust growth of services including IaaS, PaaS and SaaS, according to media reports.
The company has vowed to expand the duration of the clean energy power supply project to one month or longer next year, following this year's successful trial, with nearly 6 million people using only clean energy.
The commission at each level integrates forces to fight corruption in government authorities, including anti-graft bureaus in people's procuratorates, and then works together with local disciplinary authorities of the Communist Party of China.
上海优化排名seo
The companies will raise no more than 6.2 billion yuan (9 million), a statement said late Friday.
The company already has offices in Singapore and Japan. In December, Sense-Time announced that it is developing self-driving solutions in partnership with Japanese carmaker Honda. Founded in 2014, Sense-Time is known as one of China's top facial recognition startups. Having achieved profitability in 2017, the company said it has rapidly deployed its computer vision and other AI technologies in smart cities, smartphones, internet entertainment, automobiles, finance, retail, and other industries.
The company expects the TCM concentrated granules exports will reach 80 million yuan this year, and increase to 130 million yuan within three years, according to Lan Qingshan, vice-president of the company.
The comment was made by a senior central bank official on Saturday, after the US-based financial group JPMorgan Chase & Co included Chinese government bonds in its benchmark emerging-market indexes one day earlier.