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In meetings with businesses and government leaders, it is clear that organizations are accelerating their digital transformation journeys. They are asking us how they can (turn) their data into growth assets and how they can change their business models to align with new market realities.

In late November, Bosch broke ground on its China hydrogen fuel cell plant in Wuxi, Jiangsu province, the first of its kind outside of Germany. Also located in Wuxi is the company's software center, which will be managed independently from the other Bosch China business units.

In his new home, Liu Fuyou stands in front of a photo showing President Xi Jinping talking with him during the June tour, Sept 22, 2017. [Photo/Provided to chinadaily.com.cn]

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In particular, he expressed his belief that multilateralism is the only way to solve the worldwide issues like poverty and climate change, and the AIIB is an important instrument.

In particular, fruit rose by 39.1 percent, contributing to a 0.63 percentage point CPI growth, while pork meat prices jumped by 27 percent, contributing to 0.59 percentage points of CPI growth, data showed.

In mid-April, the International Monetary Fund (IMF) projected in its World Economic Outlook that the global economy is on track to contract by 3 percent in 2020 as a result of the pandemic, and has recently signaled it would likely further cut forecasts in the near future.

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In order to keep people cool in the summer, the city will invest 55 million U.S. dollars to buy some 74,000 air conditioners for lower-income seniors. Some community cooling centers may also open with strict health guidelines, but "the beaches and the pools are not in the cards right now," he said at his daily briefing.

In late 2016, his company decided to relocate to a robot-making area in Xianghe for market expansion in the province.

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In old communities and sites featuring historical relics, there have often been fierce debates over construction of new buildings that would be better for tourists. "The reform takes China's rapid social advancement into account and looks at the big picture. More complete rules will be released later under the new framework," He said.

In her defense, Ching likened her relatively high charges to the preservation of authenticity.