In the long term, China's auto consumption market still has bright prospects. As per capita disposable income rises continually, auto consumption still occupies an important position. The country's car market has much untapped potential, and it's expected to be released in the future, Fu added.
In the same report, KPMG and AutoForesight also interviewed over 382 potential buyers of such vehicles across Beijing, Shanghai, Shenzhen, Hangzhou, Jinan and Qingdao, to gain insight into a variety of potential customers' views.
In the past year, the US government has imposed stricter restrictions on technology collaborations with China amid a raging trade war between the two countries.
In the investigation that followed a CEDD corruption complaint, the ICAC found some laboratory employees might have replaced the concrete samples with a metal calibration cylinder and/or high strength concrete cubes for the tests. Two senior site laboratory technicians signed the reports.
In the meantime, several universities have done something similar. The University of Havana in April created an honorary chair to "study his thoughts and work," while the University of Oriente, in the eastern city of Santiago de Cuba, established a similar position to develop the critical thinking and study of the former president.
In the test, a sample is deposited in a tube that contains reagents. The tube is then heated at 65 degrees celsius for 30 minutes, after which results are revealed by a color change in the liquid.
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In the meantime, 18 major music streaming sites have reportedly begun self-censorship operations. Content suspected of being in violation of laws and regulations has been taken down, including 4,664 songs, more than 100,000 videos, 891 playlists, 4,300 user comments and over 4,500 user profiles.
In the next three years, wealthy Chinese individuals will have a stronger appetite to invest in art and antiques and less willingness to invest in monetary assets, according to the annual Hurun Chinese luxury consumer survey released in January.
In the meantime, a slew of cities including Wuxi of Jiangsu province, Xi'an of Shaanxi province, Shanghai, Shenzhen of Guangdong province, Xiamen of Fujian province and Nanchang of Jiangxi province have announced favorable policies for real estate developers by deferring payment dates, tax cuts, and subsidiaries for leasing among others.
In the past five years, President Xi Jinping has visited Latin America three times and met with leaders of almost all countries with established diplomatic relations with China, advancing the China-Latin America comprehensive partnership of cooperation into a new stage of development.