The investment in the ongoing construction of water conservation projects exceeds 1 trillion yuan (5 billion), he added.
The investment would be made in Shenzhen or Shanghai, where a large battery lab and a small battery lab of the company are located, said Sven-Olaf Steinke, general manager of the company's electrical service in China.
The latest official remarks on the hosting of one of the world's largest and most popular sporting events come after around 70 percent of Japanese people said they do not think the Tokyo Olympic and Paralympic Games this summer will be held due to concerns over the COVID-19 outbreak, according to survey released Monday.
The last day to file appeals and comments is Thursday, and the new tariffs could take effect within a week.
The latest data show industrial companies have registered high profit growth amid the government's ongoing campaign to contain debt risks.
The largest outdoor thermometer in Chongqing appears on an exterior wall of Meixin Wine Plaza in Liangjiang New Area in Chongqing municipality. [Photo provided to chinadaily.com.cn]
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The latest data from Bloomberg showed that during the first three quarters of the year, global investment in clean energy totaled 2.9 billion, up 2 percent year-on-year. Clean energy investment in China amounted to billion, accounting for 37 percent globally and ranking first in the world for five consecutive years.
The lack of major changes so far might not be the end of the story. Amazon indicated when it rolled out the the changes that the new algorithm would learn and adjust as it goes. The company said in a statement at the time, “The enhanced system will use a machine-learned model to give more weight to newer, more helpful reviews from Amazon customers. The system will continue to learn which reviews are most helpful to customers and improve the experience over time.”
The latest model, named "Little Bumblebee", uses two smart locks based on near-field communication technology and the NB-IoT network.
The latest move came after the Fed earlier this month announced the establishment of temporary US dollar liquidity arrangements with the Reserve Bank of Australia and eight other central banks around the world in a bid to help lessen strains in global US dollar funding markets.