The composite PMI, which covers manufacturing and non-manufacturing activities, edged down to 53.3 from April's 53.4, indicating an overall steady expansion in economic activities, according to the NBS.
The company is now looking to ramp up its localization efforts in China, and help Chinese enterprises and the government to embrace digitalization and enhance global competitiveness to succeed in a globalized world.
The company said it took only the last two years for its new cartoon series Super Wings to become a global hit across more than 70 countries and regions, especially in Indonesia, Turkey, France and the Middle East.
The comparison with a lower rate last year also magnified the holiday CPI, as the Lunar New Year fell in January, a month earlier than last year, resulting in the season of greater food consumption coming a month earlier, Dong said.
The company, in Los Angeles, also introduced products made by transportation and equipment accessory manufacturers based in Guangzhou, Shenzhen and other Chinese cities. It, as a result, gave a boost to China's total export of rail products covering the whole industrial chain.
The company's website shows that more than 600,000 electric vehicles have been registered on its car-sharing app.
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The compensation amounts in civil disputes were also elevated to new heights, the white paper said.
The company promised to inspect and replace, if necessary, all defective parts free of charge.
The company succeeded in raising 0 million from select investors in October 2017. It is best known for offering facial recognition technology to Alipay, the country's largest mobile payment app and an affiliate of Alibaba Group Holding Ltd.
The company is currently China's largest private ophthalmic chain, owning more than 160 specialized eye hospitals by 2016, and went public on the Shenzhen stock market in 2009.