Xu Ren'an, head of the Chongqing Transport Commission and an NPC deputy, said the Southern Passageway will help promote the export-oriented economy of Chongqing, Guangxi and Guizhou and Gansu provinces.
Xiao Hong, CEO of Perfect World Co Ltd answers questions at the second Dota2 Asia Championships in Shanghai on March 30, 2017. [Photo/Provided to chinadaily.com.cn]
Xi, in his letter, praised the family's safeguarding national territory for two consecutive generations, thanked those who made loyal contributions to safeguarding and strengthening the country's borders, and encouraged the herders to build their hometown into a beautiful one.
Xiaomi is already working hard to reduce its reliance on China, with the nation leading the global decline in smartphone shipments. In 2018, Xiaomi earned about 40 percent of its total revenue from outside China, compared with 28 percent in 2017.
Xiao Jun, president of JD-X, JD's research and logistics innovation lab, said the company has been using drones for deliveries in China in the past few years, adding that this is one way it is innovating to make logistics more accessible, reliable and cost effective.
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, urged local governments and enterprises, especially State-owned ones, to achieve a quick deleveraging process, according to a statement issued after the meeting.
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Xiaomi, which entered the Indian smartphone market in 2014, currently has a 28 percent market share, followed by Samsung with 24 percent, according to market research company Counterpoint.
Xu Xin, founder and president of Capital Today, one of the investors, said that "with the internet constantly shaping the retail industry, we have now entered the era for 'new retail', a new form of retail driven by progress in technology."
Xiao attended the meeting as a Chinese governor of the bank. He also met with South Korean Vice Prime Minister and Finance Minister Kim Dong-yeon, Indonesian Finance Minister Sri Mulyani Indrawati, and Financial Secretary of China's Hong Kong Special Administrative Region Paul Chan Mo-po on the sidelines of the meeting.
Xiaomi's value is about 0 billion, making it one of the largest technology firms in China. In 2017, Xiaomi's revenue was 114.62 billion yuan (.33 billion), up 67.5 percent from 2016.