The impact is of additional importance as the venture capital investment market has been stagnant over the last couple of years, with the coronavirus outbreak aggravating woes.
The international community should give play to the spirit of the world anti-Fascist war, step up coordination and solidarity and implement the vision of a community with a shared future for mankind to jointly win the battle that concerns the life, safety and health of people of all nations, he said.
The institute was also designed to serve as a platform to advocate cooperation in the region.
The inaugural China-US Business Leaders Summit, composed of around 20 prominent CEOs of the two countries, was one of the two proposals that Ma put forward in a meeting with the then President-elect Donald Trump in January. It aims to promote health development of China-US economic relations, according to Ma.
The intelligent factory connects dozens of teams from production and infrastructure to operations management. For example, the results of crude oil and other product samples on the quality analyses device of its laboratory information management system could be automatically updated to the product packaging workshop and warehouse facility. This increases working efficiency substantially compared to manual data input.
The increased terminal capacity would help cope with the influx of tourists, given that China is not only Thailand's major trade and investment partner but also the largest source of tourists.
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The institute said it raised its estimate from last year's report considering the demand for transportation is likely to continue to rise until 2050, 20 years later than it had previously forecast.
The inspections, which kicked off in the first half of the year, covered provincial CPC organizations, central CPC and government organs, major state-owned enterprises and centrally-administered universities.
The initiative is important for the world, said Paul Kavanagh, Ambassador of Ireland to China. "It is a very open-minded cooperation initiative that welcomes all partners ... . It is very flexible, rather than building strict structures and protocols that constrain cooperation," Kavanagh said.
The instrument will allow domestic investors access to tech giants such as Alibaba and Baidu, which are currently listed in the United States.