Yuan noted that in 2017, Moutai Group exported 17.5 tons of Moutai liquor to the UK, generating nearly 2.5 million pounds (.4 million) in revenue.
Yet industry sources estimate that less than 10 percent of US beef meets the requirements at the present stage, which means export volumes will be limited in the initial phase.
Yu isn't a member of the Communist Party of China, so he was not monitored by the Party's disciplinary authorities. Instead, he was under the supervision of Jin's team, as a result of ongoing reform which has seen the supervisory commission's role expanded to cover all public servants.
Yet Matthias Mueller, Volkswagen's chief executive, admitted that major breakthroughs are yet to be made in electric cars, and traditional cars will not disappear overnight.
Yi Gang, governor of the People's Bank of China, the central bank, reiterated recently that China will continue to implement countercyclical adjustments in line with the changing economic circumstances, maintaining ample liquidity and reasonable growth of the money supply and credit.
Yesterday, enthusiasm for Alibaba’s offering soared following Yahoo’s quarterly earnings announcement, which disclosed some of the tech giant’s metrics.?While Alibaba doesn’t disclose its financials, Yahoo owns a 24 stake in the company, so it has to. Yahoo said compared to the year-ago quarter, the Alibaba Group saw revenue grow 66 percent to .06 billion, and profits more than doubled to .35 billion.
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Yu also warned that northern China is expected to see more sudden, brief but heavy rainstorms as the country's major rainy season lingers until September, with more typhoons than usual.
Young people take part in a cheerleading event in Huainan, Anhui province. [PHOTO BY CHEN BIN/FOR CHINA DAILY]
Young also mentioned the huge potential of Chinese cloud computing firms like Alibaba Cloud, which are actively branching out overseas and setting up data centers across the globe.
Yu Fujiang, director of the National Marine Environmental Forecasting Center, said the advisory center will be able to issue tsunami warnings 10 minutes after an earthquake, thanks to the smart system.