People face a jungle of shared bikes near the Lishuiqiao subway station in Beijing in June. [Photo by Zhu Xingxin/China Daily]
People play in seawater to avoid summer heat in Sanya, South China's Hainan province, on July 3, 2018. [Photo/VCG]
People in Southeast Asian countries have strong spending power. According to investment company Temasek, the regions' market size of e-commerce will reach billion by 2025, and Indonesia is expected to comprise 52 percent of the total.
Paul Huang, senior vice-president of the Lego Group and general manager of Lego China, said the rising opportunities in new first-tier cities such as Xi'an and in second-and third-tier cities in China have given them great confidence in Lego's development in the country, boosted by the stronger pursuit of quality of life and faith in learning through play.
Paul Eremenko, Airbus' chief technology officer. [Photo/VCG]
Paul Huang, senior vice-president of the Lego Group and general manager of Lego China, said Lego is going to open more stores in developed markets in Eastern China, as well as in some capital cities in China's western provinces and some lower tier cities to have readily good coverage of the country's geography.
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Peter Richardson, vice-president of Counterpoint, said smartphones are now seen as a vital part of daily life-especially for those enduring extended periods of isolation or remote working.
Perhaps more importantly, he added, China can continuously infuse new vigor into the world economic development, offsetting the headwinds from Washington's slide towards an "inward-looking, protectionist and anti-globalization" posture.
Peng then gave the children toys, stationery and books.
Peng called for more art exchanges between the two nations and stronger friendship between the two peoples.