Located about 670 km from Urumqi, Xinjiang's capital, Horgos was once a busy passage used by traders traveling along the ancient Silk Road. The Belt and Road Initiative, proposed by China in 2013, has injected new vitality into the land port.
Looking ahead, cross-border currency exchange and renminbi e-payments in Southeast Asia will be one of the priorities of Jingtum Tech, Zhou said. The company is also exploring opportunities to expand the business to Argentina and Ethiopia.
Local governments have never poured money to subsidize companies' specific products. Instead, they are using a small sum of money to guide domestic companies to step up investment in crucial technologies, in the hope of tackling industry-wide bottlenecks. A majority of the investments came from companies themselves, Qu said.
Local news portal thepaper.cn cited officials from the Shanghai Center for Disease Control and Prevention as saying the shortage of the vaccine is mainly due to high market demand.
Logitech's big investment on gaming hinges closer to its broader vision of implementing a multi-category and multi-brand strategy.
Local residents dance at the International Grand Bazaar in Urumqi, capital of Xinjiang, in April. [Photo by Wang Jing/China Daily]
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Loic Bastard, a Frenchman who works for Envision Energy and has been based in Wuxi, another city in Jiangsu, for two years, said he enjoys living in his "clean" and "beautiful" adopted home.
Local residents enjoy the beautiful cherry blossoms at the East Lake Cherry Park in Wuhan city on March 21, 2020. [Photo by Zhu Xingxin/chinadaily.com.cn]
Looking ahead, the tourism sector would face both challenges and opportunities in the second half of the year, said Zeng of Lionsgate Entertainment World.
Lofven vowed closer cooperation with China in trade, innovation, culture, sports, tourism and arctic affairs.