The company's forecast for RMB against the dollar will also move in the range of 6.7 to 6.9 in the second half of the year.
The company’s cloud services technically remain carbon neutral because of unbundled renewable energy credits and carbon offsets, but Greenpeace classified that as a “wrong turn” compared to other companies’ purchases of renewable energy on the same grid their facilities use.
The composite PMI, covering the manufacturing and non-manufacturing sectors, remained unchanged compared to April at 53.4.
The company will continue to bank on a network of internet celebrities to promote different merchandise to users of various nationalities. Social media personalities will become skilled at converting their influence into cash while helping to boost the revenue of merchants, Wang explained.
The company was fined 30,000 yuan and it deleted pirated films and clips from its app, Xiong said.
The composite index tracks business volumes, new orders, employment, inventory turnover, and equipment utility rates in China's logistics sector. A reading above 50 percent indicates expansion, while a reading below that reflects contraction.
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The company's pianos account for 27.27 percent of the global market and for 38.6 percent of the quantity sold in China. Its products are sold in more than 100 countries and regions around the world.
The company invested 2.5 billion yuan in research and development in 2018, accounting for about 20 percent of its annual revenue.
The company launched another cargo train service from Changsha in Central China's Hunan province to Moscow in late March. The first train carried epidemic prevention materials, electromechanical equipment, shoes, toys, garments and plastic products to Moscow. It plans to operate the service once a week and may go to twice a week, depending on market demand.
The company said that Glacier is ideal for data that must be archived, but not frequently accessed. Examples include:?digital media archives, financial documents, ?healthcare records and raw genomic sequence.