He said the e-commerce boom, which has expanded the consumption market to third-and fourth-tier cities as well as rural areas, has been the main source of growth for the sector. It has allowed customers to enjoy the benefits of online shopping and given the express delivery industry a chance to prosper.
He set up a project exploring the idea. At first, the company lacked experience and spent months to make just one or two products.
He stressed that the US is committed to protecting intellectual property and ensuring there is a level playing field for trade, and addressing that will help both the US and China.
He sees China becoming an "increasingly important stakeholder" in Myanmar over the coming years, as the Southeast Asian country works toward rebuilding its pandemic-hit economy.
He said wild elephants are intelligent and leave sick herd members near villages on purpose, counting on humans to save them.
He says technology is changing the asset management business into something that needs emerging fund managers as technology development rages on the Chinese mainland. But, he admits that the adoption rate of technology in asset management is still in its infancy.
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He suggested that to turn it into a top-grade bay area, the cluster should aim to deepen the opening-up strategy, attract more foreign investment and become a rule-maker in world trade.
He said the US could also use antidumping and anti-subsidy measures "especially against China" to prevent steel and other products from entering, estimating that it would trigger retaliatory measures against the US.
He said that the new training system, which aims to instill craftsmanship and quality awareness, will help ease the structural shortage of skilled workers and improve factory productivity, adding that the new system comes out against the backdrop of China’s economic development which now creates pressing demand to improve employment quality.
He stressed the importance of enhancing reform and innovation, strategic coordination as well as planning and guiding in developing the economic belt.