Liu pointed out the dual roles of coupons in improving people's living standards and shoring up consumer purchases. They can encourage increased consumption even among those who still avoid going out even after the end of social distancing measures and those who have trimmed spending in anticipation of lower incomes, he said.
Liu expects FAW-Volkswagen to make breakthroughs in connectivity, with all Audi models becoming internet-connected by 2022, and a new joint venture dedicated to mobility and digitalized services between FAW and Audi will start operation this year.
Liu Dongsheng, deputy director of the State Forestry Administration, said China has set a goal to turn half of the country's desert into green areas by 2020. And by 2050, he said all the country's desert that can be changed will be made green.
Liu said it is normal for major players to conduct mergers and acquisitions in the market of rail transit equipment to enhance competitiveness.
Liu Yang, a HR director from Agitek, a high-tech company specializing in equipment testing and measurement based in Xi’an, said it has seen a surge in talent inflow. “Especially for those who were born in Xi’an, they have faced greater pressure in both life and work in other cities, and many of them choose to come back.”
Liu Ligang, managing director and chief China economist of Citigroup, said in an interview: "We have seen preliminarily the efforts made by the central bank, regulators and local governments at the previous stage. Figures for March may further prove that the transmission mechanism of China's monetary policy becomes effective gradually. If the economy further stabilizes and trade friction between the US and China declines significantly, a virtuous circle will be created over time."
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Lin Zhonghang, an investment manager from Cambrian Venture Capital, said: "The traditional way of such science popularization cannot meet the diversified demands from parents and children currently."
Lisa Birnbach
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Liu Wei, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, takes media interviews via online video, May 21, 2020. [Photo/Xinhua]