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The company has been the "witness, participant and beneficiary" of the country's reform and opening-up and has made its own contributions, he said.

The commission said they misjudged the complexity of housing price control and was not fully aware of the importance of continuing stable home prices, and it decided to withdraw the suspension announcement as its impact was against the original intention of the government.

The comments came at a two-day hearing held by the US Trade Representative's office on proposed tariffs on EU goods related to the long-running Boeing-Airbus subsidy dispute. Many smaller aerospace suppliers also testified.

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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 has also vowed to diversify its overseas LNG sources in addition to that in Australia, to ensure supply.

The company has identified the continuing and accelerating trend of the growing ranks of middle-income consumers, which reinforces the investment it is making in high-quality developments, Blackburn said.

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The company has sold more than 5,000 photovoltaic air conditioners in 22 countries and regions in the Middle East, North America and Southeast Asia, Wu said.

The coin can circulate as currency, having the same value as a 10-yuan note.

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The company has 6,114 employees overseas, including 4,331 local people, with the localization ratio reaching beyond 70 percent.

The company forecast continued uncertainties in the global auto market, caused by stiffer competition and changed market environment amid the worldwide trend of low growth.