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The combined revenue of the ten major recycled resources, including waste steel and paper, amounted to more than 590 billion yuan ( billion) in 2016, up 14.7 percent from a year ago.

The commission said it will continue inspections to promote waste sorting, but mainly by education and persuasion.

The committee will be located in Tus industrial park in Nanning, capital of Guangxi Zhuang autonomous region.

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The comments come at a time when bearish sentiment about the global economy is increasing. The COVID-19 epidemic has severely dented global growth and it may remain in negative territory this year, said Kristalina Georgieva, managing director of the International Monetary Fund. She said that the world is anticipating "the worst economic fallout since the Great Depression" that began in 1929.

The company attributed its decision to China's ongoing consumption upgrade in the auto sector.

The company expanded its Beijing office to a new building and opened its China Innovation Center in the capital city on March 22, in an effort to encourage clients and partners - including banks, merchants and fintech companies - to develop solutions for customer pain points.

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The commission said the city is exploring and working with enterprises to set up a food traceability system, so that all stages in the food supply chain can be tracked. The system will cover food production, processing, packaging, delivery and sales.

The company estimated that the sales in May and June, which are the traditional peak season for auto sales, will rebound from being sluggish in the first quarter.

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The company has built a base of more than 70 hectares in a village in Erenhot to plant products based on the orders from Mongolia. Other companies in Erenhot are also developing e-commerce to make it possible for customers in Mongolia to receive fresh vegetables they have ordered the same day.

The commercialization of autonomous driving has taken another step forward in China, as Chinese driverless truck startup Fabu Technology said on Thursday its self-driving technologies have enabled over 60,000 express deliveries by February this year.