They have already seen apparel, footwear, toys, sporting goods and some electronics moving elsewhere in Asia.
They are taking the lion's share of the Chinese cartoon market, he added.
They will also explore car-sharing, smart cities and mobility services, and join hands to expand in overseas markets, with plans to expand cooperation in such areas as overseas production facilities, business partners and dealerships.
They have all added social media functions, allowing shoppers to share their "goodies and deals". One feature known as Wendajia, or Ask Others, is gaining momentum with the Taobao community by using big data technology.
They have decided to start pilots for qualified foreign limited partner (QFLP), qualified domestic limited partner (QDLP), and the qualified domestic investment enterprise (QDIE) schemes, enabling institutional investors in Hong Kong and Macao to participate in private equity and venture capital funds in the Greater Bay Area through the QFLP scheme.
They are equipped with the world's first 5G-powered video modules developed by Changhong, using HiSilicon (Shanghai) Technology Co Ltd's 8K chips, which allows video acquisition, encoding, transmission, decoding, display and other "end-to-end" 8K chip solutions.
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They also voiced strong support for the measures taken by the government of China's Hong Kong Special Administrative Region (HKSAR) to restore order.
They said time constraints forced them to rule on the issue immediately.
Third, Italian companies, particularly in the sectors of agriculture and food, sustainable technology, pharmaceuticals, tourism and design, should consider the growing consumption power of new BRI markets' and the opportunity to boost exports.
They were down by .24 billion in full-year 2018.