Skyworth is not focused just on product sales abroad. It has plans to set up manufacturing bases and supply chains, Liu said.
So says Jeff Bezos, believe it or not. Those are three of the takeaways from the Amazon CEO and founder’s new letter to shareholders, released Thursday morning along with the company’s proxy statement. It’s an annual tradition that this year seems directed as much to would-be antitrust regulators as it is to the company’s investors.
Skoda Auto, one of the classic brands of German automobile giant Volkswagen AG, aims to grasp a larger share of the Chinese market, backed by the automaker's "Simply Clever" solutions.
So, it doesn't matter whether you're niche, small or big. As long as you can be a human brand, as long as you have a core purpose that resonates with consumers, they will not see you as big or small, they will see you as another brand with whom they can align.
Sinopec, for example, has taken advantage of its more than 30,000 gas stations nationwide to further expand its sales network, she said.
Sino-US trade friction and Beijing's regulatory tightening on domestic bank and non-bank lending have led to foreign funds finding prices that are now lower and assets are more available, giving a further boost to foreign investors, said Sally Sun, PwC China Assurance Partner.
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Sinopec's third-quarter net profit, however, was lower than that reported the second quarter of 2018. The decline followed consecutive profit growth over the five previous quarters. According to Reuters, the decline could increase concerns that a glut in the fuel market and higher oil prices could affect the leading refiner's performance.
Small and micro firms have received 181.63 billion yuan worth of loans based on taxpaying credit in the first quarter, up 22.3 percent from the same period last year, said Han.
So far six cities in China have allowed passenger-carrying tests on autonomous vehicles, including Beijing, Shanghai, Chongqing and Guangzhou, according to Beijing News. Consulting firm McKinsey said China has the potential to become the world's largest market for autonomous vehicles, which will steer the country's automotive industry into the fast lane.
Sinopec employees examine and repair gas supply valves in Puyang, Henan province. [Photo by Ma Hongshan/For China Daily]