Yang Xu, president of Intel China, said the country's emphasis on new infrastructure will help the nation better upgrade its industries from large-scale manufacturing to value-added services.
Yang said the second forum will send a positive signal to firmly support multilateralism, jointly build an open world economy, promote global connectivity and advance global development.
Xue Yingjie, general manager of Greenland Global Commodity Trading Center Group, said an increasing number of companies have chosen to showcase their latest products at the hub ahead of the CIIE so that they can have more contacts with Chinese buyers and consumers. At least 1,000 products currently exhibited at the hub will be showcased at the CIIE this year, he said.
Yang said: "Inclusive growth is about equality - the equal chances for countries to participate in trade and engage in economic development."
Yao added that the association is pushing for insurance plans with wider coverage for hospital stays and accidents to weave a stronger safety net for vulnerable families.
YMTC is a pioneer in Chinese companies' efforts to beef up semiconductor manufacturing capability. Last year, it kicked off volume production of high-end 64-layer flash memory chips, marking a breakthrough in the country's push to grow its homegrown semiconductor sector and shorten its technological gap with foreign counterparts.
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Yang added a Huoyan laboratory made by BGI is equipped with automated equipment for the extraction of high-performance nucleic acids to improve the efficiency of large-scale detection.
Yang believes that with rapidly increasing traffic, mobile app companies should think of how to hang onto their customers when the pandemic ends.
Yangquan Coal Industry Group is not alone in embracing the new technology. China's traditional mine companies are increasingly merging onto the 5G "expressway."
Yang said the encouraging results are the result of the company's sales-based production plan, which prevents dealership overstock and improves the company's manufacturing and marketing efficiencies.