The phasing out of inefficient companies could ensure the sustainable development of the industry, Chen Qihua said.
The positive results also reflect lower-than-expected research and development expenses, which have skyrocketed since Baidu's pivot to AI due to steep costs hiring top talent.
The plan is an important outline document guiding the current and future cooperation and development of the Greater Bay Area, and maintaining the long-term prosperity and stability of Hong Kong and Macao, Guo noted.
The plant, with a designed annual production capacity of 400,000 6-speed automatic transmissions, is scheduled to start mass production in 2020, Geely said.
The prefecture is considered one of the areas in China with the toughest tasks in poverty alleviation.
The planned talks between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi on Friday and Saturday are described as being informal. But that has only served to raise expectations.
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The post-merger integration is the most difficult part to manage, he said. "Making an acquisition takes time. But integrating a company into a totally 'new baby', which is the combination of your own business and the business your acquired, is most difficult."
The planned measures will seek to stem the investment downtrend that may hinder balanced development of the economy, he said.
The police action over comments posted online criticizing hospital food caused discussion among netizens nationwide. The Handan Public Security Bureau reinvestigated the case on Sunday.
The police were fired upon by criminals when a police team had gone to raid an area in search of a hardened criminal. At least 40 police officers had participated in the operation, said media reports.