With the scaling back of government subsidies to the NEV market since the second half of 2019, it experienced a sales decline that lasted for around a year, Xu added.
With the assistance of the government, the company started to build a resort including a homestay hotel in Shanbei and nearby villages in 2018. Former villagers were hired as construction workers, cleaners and waiters.
With millions more working from home due to the COVID-19 pandemic, the prospects for online retailers to cash in have grown exponentially.
With regard to the China-Pakistan Economic Corridor, a flagship project under the Belt and Road Initiative, Wang expressed hope the two countries will strengthen coordination and make good plans and designs from a long-term and top-level perspective.
With less than three years left on the nation's timetable to build a moderately prosperous society in all respects by 2020, Xi called for prime resources be allocated and precise efforts to ensure the region wins the battle against poverty in a timely fashion.
With the market volume expected to increase to 5 trillion yuan (7 billion) by 2030, the projected growth has attracted a number of players from outside the real estate industry, according to Beijing-based 5i5j Group, one of the country's major real estate intermediary agencies.
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With the support of its partners, the company has digitalized all key fields in supply chain, including product development, material costing, design, sampling, production and delivery to further compete with other established competitors in the market, Fung said.
With rich trading experience, foreign investors' joining has the function of cooling the market rise, because they will not follow the herd, said Zhan, the non-ferrous expert.
With the changing priorities in Chinese economic development, the key investment fields of Temasek in the country have evolved from banking and consumer since 2004 to non-bank financial services including insurance, fintech and digital payment since 2010. Now, the company has moved on to the third stage by stepping up investment in life sciences, artificial intelligence and electric vehicles. In these sectors, startups could overtake traditional players, according to senior executives.
With regard to the possibility of increasing imported labor, the chief secretary said that, on the premise that local workers' priority for employment will be safeguarded, the government will also explore with stakeholders the possibility of increasing imported labor on an appropriate and limited scale.