Such massive job creation will be due to demand for high-quality development, which is stoking entrepreneurial spirit and spurring Chinese companies to go global, said Sunil Prashara, president and CEO of the PMI, the association for professionals in the sectors of project management, program management and portfolio management.
Such an effort could also reduce barriers, strengthen important international institutions such as the World Trade Organization and jointly promote foreign direct investment flow, said former US commerce secretary Carlos Gutierrez.
Steve Mollenkopf, CEO of Qualcomm, said in a statement: "We have been cooperating with Xiaomi, Oppo and Vivo for a long time. We will continue investing into China's semiconductor and mobile industry."
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Such efforts have helped industrial upgrading in some provinces that used to rely on smokestack industries, according to Meng.
Such design enables Maimang 7 to integrate virtual content with the real world as seen through the phone's camera. It is also equipped with ARCore, a software development kit developed by Google that allows for AR applications to be created.
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Such moves come as China makes strides in the industrial internet sector. According to a report released by the China Academy of Information and Communications Technology, China's industrial internet market will grow steadily at a compound annual growth rate of 14.4 percent over the next two years to exceed 900 billion yuan (6.9 billion) in 2022.
Stocks, bonds set to sizzle following inclusion in a global index and easing of controls on two-way capital flows
Steve Bradley, deputy vice-chancellor of Lancaster University, who has been actively building up partnerships with China and was directly involved in setting up the Confucius Institute in Lancaster, said what sets the consortium apart from other BRI research centers is its "interdisciplinarity".
Struthers said that people are going to be hurt by the tariffs. He feels that farmers are basically used as pawns in a big chess game.