Slower economic growth due to COVID-19 may even contract growth in the government's general budgetary revenue in 2020, according to analysts, especially since policymakers plan to cut taxes and fees by 2.5 trillion yuan annually.
So far, 30 countries and two international organizations have signed agreements with Chinese exporters to purchase products including face masks, protective suits and nucleic acid testing reagents, according to Hua.
Smart wearables are gaining traction in China as more and more tech-savvy consumers are willing to pay for such gadgets to embrace a more convenient and tech-driven life.
So far, China has supplied the United States with more than 1.4 billion face masks," Cui said, or one mask for every Chinese, about five masks for every Americans. "I don't think many people are aware of these numbers, but we should do more," he said.
So far, over 150,000 buyers from home and abroad are estimated to attend the expo. Apart from business exhibitions, 80 countries and three international organizations have confirmed their participation in the country-pavilion exhibition, which covers a total area of 30,000 square meters.
Smooth exchanges of personnel and technology have facilitated research in many fields, and marked improvement in agriculture in recent years.
湖北新能源风力发电系统教学实验平台
So far, 16 guide dogs and their users have participated in the training.
Small private businesses have been the most severely disrupted by the ongoing epidemic. Peking University estimates the sales volumes of individual sellers plummeted 50 percent in the first half of February, compared with conventional standards in previous years.
So spectacular is his track record in effecting successful M&As in a way that strengthens local industry and boosts economic growth that the Chinese government included him among this year's Friendship Award winners.
So far, Sinotruk has set up 70 overseas offices and distribution bases around the world, with nearly 8,500 employees. It established three subsidiaries in Russia, South Africa and Kazakhstan, one joint venture in Nigeria, and made an equity investment in a US company.