He said the plan has been submitted to the State Council for approval.
He said the company learned the hard way how crucial it is to back up production with efficient after-sales operations. In 2012, GWM realized that rapid growth in exports caused problems in after-sales service and supply of spare parts.
He said the lab will be built in accordance with requirements for deep geologic repositories, but construction will depend on data collected from experiments at the site.
He said the policy had proved effective as liquidity remained stable without any heavy stimulus package.
He said this is "clearly manifested in the last week or so when China has extended assistance to almost all countries (affected by COVID-19), not just in Southeast Asia, but also in Europe".
He said: "5G is not only a network but also the accelerator for new technologies such as AI, IoT, cloud computing, big data and edge computing. The blend of these technologies with 5G will contribute to the digital transforms in hundreds of thousands of industries."
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He urged people with jobs that put them at risk to be particularly vigilant.
He said the event is aimed at strengthening connections and mutually beneficial cooperation between local governments on both sides.
He said that the violence in Jersey City confirmed that "there is a crisis of anti-Semitism gripping this nation; there is a crisis of anti-Semitism in this city".
He stressed that no rights should be exercised at the cost of others' right to make a living.