Xu Haidong, an official at the organization, said China's auto market has entered a period of adjustment, and is likely to see neither rebounds or further declines in two or three years.
Xiaomi did not respond to chinadaily.com.cn's question on where the company will launch its IPO.
Xinhua reported last week that the carmaker is investing 4.4 billion yuan (9.9 million) this year in its new factory in Shenyang, Liaoning province, citing the province's development and reform commission.
Xu Bin, chairman of the Shanghai Banking Association and president of Bank of Communications Co Ltd's Shanghai branch, said: "The association has 226 members so far. It plays a very positive role in promoting domestic and international exchanges, and further creating an atmosphere of opening-up."
Xie Xiaonan, a new member of the club, said he admires the other members' persistence in reading and learning despite their age.
Xu Yahua, head of the ministry's transport services department, said there are still some major safety risks in the logistics sector such as illegal operations by transport companies, and enhanced scrutiny is needed.
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Xinjiang, rich in coal and wind power resources, currently transmits electricity to 20 other Chinese provincial regions.
Xiaomi's Southeast Asia Director Shi Yan said in February that the company would work with Indonesian software developers to provide better experience to local Mi fans. The company has set up 21 Mi fan clubs in the country.
Xu Lirong, chairman of China COSCO Shipping, said the business move in Peru, which covers the entire logistics industry chain, will not only embody the company's coordinated development, but also inject vitality into target countries and regions.
Xiong said the new pipeline company is set to accelerate construction of the pipeline network, while promoting the fair opening-up of oil and gas infrastructure to third parties and further unlocking potential.