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In the first half of 2017, 62 million overseas trips were made by Chinese tourists, the China National Tourism Administration said in a statement last month.

In the first half of this month, the number of visitors dropped by about 50 percent compared to last year, and the retail sales in August fell by some 25 percent from a year earlier, which is the steepest year-on-year decline for a single month on record.

In the U.S., our content budget is about three times [Amazon’s], and we’ve got about three times more content. And what our customers tell us is they want Netflix to have more content, not to have two-thirds less at a lower price. That’s not that interesting a proposition for them. [Amazon has its Prime membership service]?and it’s really about low-cost shipping, but why is video in there? It’s kind of a confusing mess.

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In the afternoon, project presentation and B2B meetings were held. Focusing on biomedicine, energy conservation, AI, they showed 15 key projects of countries such as Canada, Sweden and New Zealand, and reached a number of cooperative intentions with different provinces in China in a lively atmosphere.

In the 5G exhibition hall, visitors will be able to watch 8,000-pixel high-definition videos and learn about progress in self-driving vehicle technology, telemedicine, drone logistics and transportation, and other 5G network applications.

In the future, Huawei will not overcharge other companies using its patents, said Ren.

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In the future AI translation platform, CIPG will open its corpus and database to iFlytek so as to improve the accuracy of machine translation.

In the area of new energy and intelligent connected vehicles, the group is also aiming for leading positions among first-tier automakers in China.

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In the Jan-July period, profits of SOEs fell by 30.4 percent year-on-year to 1.48 trillion yuan (4 billion), narrowing by 8.4 percentage points from the drop in the first six months.

In the five months of violent protests which have rocked the city, the DAB has been one of major victims. Even before the election, more than 100 DAB councilors' offices were vandalized and their phone lines and network cables were deliberately cut off before polling day.