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The company cited several reasons for the slump, including uncertainty surrounding the UK's exit from the European Union, weak demand for diesel engines, and a major slump in Chinese car sales.

The color processing section in the newly launched Qingdao Movie Metropolis.[Photo by Meng Da/for China Daily]

The company has sped up a market-oriented reform in recent years through diversifying its product mix. It now sells six models including two sedans, two SUVs, an EV and a customized limousine.

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The commission also encouraged micro, small- and medium-sized enterprises to debut on China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," which aims to support innovative and fast-growing enterprises.

The company began exporting to China 20 years ago, at a time when doing so was seen as unthinkable by local producers. Now, Chilean cherries are a staple on Chinese dinner tables from November to March, and this season saw record exports.

The coalition drew widespread applause.

深圳关键词seo排名

The company also uses face recognition when opening accounts for clients based on its identity and address verification technology, he said.

The company has already sold two portrait robots prior to the conference, at a price of around 300,000 yuan (,000) each. Customers can also rent a robot for nearly 8,000 yuan per month, said Fang.

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The company has announced it will set up a joint venture with Hoho Electrical & Furniture Co Ltd, an Egypt-based home appliances company. This will be followed by an investment in the construction of a new factory.

The committee expected steel production to pick up in August as weather conditions improve and demand for steel rises, while the steel price is likely to face many uncertainties.