Problems concerning steering systems and electrical equipment each triggered recalls of around 1.7 million cars, and some 800,000 cars were recalled because of car body problems.
Profits in June reached 159.67 billion yuan, hitting a record high since the statistics became available. Of the 102 central SOEs, 99 were in the black, 48 had profits grow by more than 10 percent and 29 had profits increase by more than 20 percent.
Progress spans both fundamental research and manufacturing techniques. Different from traditional manufacturing, which is based on the removal of material by cutting and drilling, 3D printing creates objects by consistently laying down materials, such as wax, metal and polyurethane, based on virtual blueprints from computer-aided designs.
Projects in areas like AI and biotechnology, which focus on the future and technological innovation, will be heavily favoured, the report showed.
Processing trade refers to the business activity of importing all, or part of, the raw and auxiliary materials from abroad, and re-exporting the finished products after processing or assembly by companies within the Chinese mainland.
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Proposed by China in 2013, the Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa based on ancient land and maritime trade routes.
Promoting free trade is one of the keys to maintaining the strong momentum of the Asian economy. To achieve that, it is of great importance to build broader infrastructure connections in transportation, energy and information communication technology. That's exactly what the Belt and Road Initiative has been calling for, Sawada added.
Prime is helping fuel Amazon’s revenue, with a reported 41 million U.S. subscribers spending an average of ,100 per year, according to stats in May. We reported in April that Amazon posted .7 billion in revenue in Q1, beating Wall Street expectations.
Projects involving China, France and some French-speaking African countries are a case in point, he said, noting major diplomatic events hosted in China also expanded the BRI's influence on the international stage. The country has played an increasingly important role in facilitating BRI economies' development.