The company confirmed at its annual work conference that it will start piloting the application of digital ticketing this year on a number of regular railway lines.
The company has not been performing well recently. Its Q2 net income totaled 122.3 billion yuan (.5 billion), up 31.2 percent, while its net profit was down 51.04 percent to 478 million yuan based on non-GAAP accounting, according to the company's Q2 fiscal report released on Aug 16.
The company announced a cost-reduction program that includes less overtime for workers, a voluntary retirement plan, shortened workweeks for some employees, a hiring freeze and deferred capital spending.
The company has trained more than 5,000 people through its East Africa Training Center, Seeds for the Future program, Digital Skills for Life program, ICT Skills Academies and the Presidential Digital Talent Program.
The company also is leveraging cutting-edge technologies to explore digital R&D, with plans for long-term cooperation on big data AI solutions with Peking University's School of Public Health Department of Biostatistics and Beijing International Center for Mathematical Research.
The closure has postponed a lucrative race for older horses and a major prep race for young horses, both scheduled for this weekend at the park.
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The combination of these two factors has made Porsche to rule out the possibility of Porsches made in China in a decade.
The company has recruited nearly 100 veterinarians to date, both part-time and full-time and mainly Chinese, from around the world for consultations.
The company expects to build a united commercial community to channel its more than 5,000 offline companies and 130,000 online members worldwide, where great potential can be foreseen, he said.
The comments came after the annual tone-setting Central Economic Work Conference, which concluded on Friday in Beijing, outlined key tasks for next year in eight aspects, including efforts to improve industrial and supply chains to create a more independent and controllable position.