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Xu Hanbo, an analyst at investment bank CMB International, said that the current low valuation of PICC's shares appears to be attractive for investors, and the company's latest digital strategy will help lift its market share and profitability.

Xinjiang, China's northwest doorway to Central Asia, sits at the center of the historic Silk Road. Local businesses are eyeing greater opportunities as China works to revive the ancient trade route.

Xu Lin, minister of the State Council Information Office, urged media professionals from the two countries to play an active role in covering the innovative cooperation between China and South Korea in fields including health, medical treatment, intelligent manufacturing, big data and 5G.

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Xu Haidong, vice-chief engineer of the CAAM, said that China's automobile market is in a transformative period.

Xu Haidong, an assistant to the CAAM's secretary-general, said the overall sales growth this year would "definitely fall to below 4 percent", beating the organization's estimate of 5 percent growth at the start of the year.

Xie's job used to involve supplying oxygen for steel-making at the plant, which once produced nearly 7 million metric tons of iron and steel annually.

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Xu Changming, deputy director of the State Information Center, said: "In recent years, driven by technology innovation and the government's favorable policies, the country's shared accommodation industry is evolving fast, and the development mode is gradually maturing. There is huge potential lying in the sector. I hope the service specification can boost the healthy development of the shared accommodation industry, as well as serve as a reference for the other sectors in the sharing economy industry."

Xi, also general secretary of the Communist Party of China Central Committee, made the remark in Beijing while presiding over the second meeting of the Central Committee for Financial and Economic Affairs, of which he is director.

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Xu described the business ties between South Africa and China as one of "golden cooperation", which ensures the realization of prosperity through BRICS cooperation.

Xu Heyi, president of BAIC Group, one of China's top five automakers, said Chinese vehicle manufacturers used to rely on easy money from joint venture brands. But now they are shifting their focus to overseas markets, as growth in the domestic market has more or less bottomed out, he said.