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Li has started applying for a business license. "I've built up a good reputation, and it is hard to give up my clients," she said.

Li said the company is working toward meeting the world's demand to replace petrol and diesel buses, especially in the overseas market.

Li made the remarks when addressing the opening ceremony of the Annual Meeting of the New Champions 2019, also known as the Summer Davos Forum, in the city of Dalian. The Summer Davos Forum has been held in China for 13 years.

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Li said Moutai products are in short supply in the overseas market this year, and the demand-supply gap is widening, suggesting that Moutai has become very popular abroad.

Li said China welcomes businesses from the US to expand trade services in China and increase exports of high-tech products to China.

Liao has since rebuilt his house, which has two bedrooms, a kitchen and a flush toilet, mainly with a 40,000 yuan grant from the government for the renovation of dilapidated housing. He said he plans to raise more bees as well as goats.

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Like the CTO, Huawei has a long-standing commitment to international capacity development. The Huawei Authorized Information and Network Academy (HAINA) is a not-for-profit partnership program that authorizes universities and colleges to deliver Huawei certification courses to students.

Li said at a news conference in Beijing that a recent survey showed nursing homes have lost some 20 percent in revenues year-on-year due to the changes.

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Like Volvo and Mercedes-Benz, Scania has been selling imported trucks in China, which are priced higher than domestic rivals.

Li made the remark while chairing a seminar on Monday afternoon at the Zhongnanhai leadership compound that solicited suggestions for the draft of this year's Government Work Report. He heard from seven representatives of academics as well as State-owned and private businesses.