The launch of the smart logistics park will mark the e-commerce industry's shift in focus beyond double-11 sales to bringing down costs and transforming the logistics industry.
The latter will continue investing in China. Focus will be on improving its sustainability operations as burgeoning middle-class consumers are attaching more importance to environmental protection and quality, Vanlancker said.
The latest report by International Monetary Fund (IMF) concluded that the exchange rate of the Chinese yuan was "broadly in line with medium-term fundamentals", and the Chinese monetary authority barely intervened in the foreign exchange market.
The joint venture, called Weineng, has been established to offer battery management services for a program Nio unveiled on Thursday, which is called BaaS, or battery as a service.
The investment promotion project signing activity was another major part of the expo, with 108 projects signed, and investment that hit 54 billion yuan.
The launching ceremony was attended by Laszlo Mosoczi, deputy state secretary of the Hungarian ministry for national development, Hunan province Vice Governor He Baoxiang, and Xu Xiangping, head of the department of commerce for the Hunan province.
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The last month of the lunar calendar used to be called the Hunting Month in more rustic times.
The island has become a popular tropical resort for overseas tourists in recent years, with the number of overseas tourists exceeding 1.1 million in 2017, up nearly 50 percent year on year.
The key to cope with the challenges lies in increasing the intensity of countercyclical macro adjustments, including broad-based and structural measures that act on the supply and demand side, the statement said. The committee also carried out a special study on strengthening investor protection in the capital market during the meeting, calling for heavier punishment against financial fraud, false statements and other malpractices.
The irony was not lost on me that watching a keynote address in my city was easier to do from a laptop screen, than it was in person.